Borsig goes local for refi loan

Forever a loan
By Mike Turner
22 May 2019

Malaysia engineering multinational KNM’s German businesses have signed a credit facility of up to €200m, using the deal to refinance existing bank lines.

Borsig and Deutsche KNM have agreed a dual tranche five year facility with German lenders.

The deal is split into a €60m term loan and a €140m guarantee facility. The new deal replaces a €220m UniCredit-arranged transaction, which also came with a €140m guarantee facility. 

The two companies will use ...

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