Brenntag extends funding profile in good conditions
Brenntag, the German chemicals distribution company, extended and improved its syndicated loan financing on Tuesday. Its intention was to lengthen maturity profile, but strong conditions and improving credit documentation allowed the borrower to cut interest margins as well.
The five plus one plus one year loan will mature in January 2022. Bankers said it was "substantially" oversubscribed.The bookrunners and mandated lead arrangers were Bank of America Merrill Lynch, BNP Paribas, Niederlassung Deutschland, Commerzbank, Crédit Agricole, HSBC Trinkaus & Burkhardt, ING Bank, Landesbank ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org