Steinhoff loads up on loans and still sees strong support

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Steinhoff loads up on loans and still sees strong support

DFS furniture source DFS 230x150
05/10/14. THE DFS FACTORY IN ALFRETON, DERBYSHIRE. CREDIT: DANIEL LYNCH. 07941 594 556. www.lynchpix.co.uk | DANIEL LYNCH/DANIEL LYNCH

Steinhoff completed syndication of $4bn of acquisition loans this week with the deal going “better than expected", according to bankers. The loan market has not shown signs of fatigue for the South African-based furniture retailer, even though the borrower has already asked a lot of the market this year.

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