Blackstone’s Essel loan allocated among 16 lenders

By Pan Yue
04 Nov 2019

The $166.3m loan to support Blackstone Group’s Essel Propack acquisition has been oversubscribed, with 10 participants joining during general syndication.

The four original mandated lead arrangers and bookrunners — Goldman Sachs, Investec, Standard Chartered and UBS — brought in Barclays and Nomura before the syndication was launched. All six banks prefunded the deal, with the four original lead banks providing $37.5m each, while Barclays and Nomura committed $10m each.

Investec, Standard ...

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