Bahrain Steel to lock in better conditions in refi
Bahraini iron pellet producer Bahrain Steel is in discussions with lenders to refinance an existing facility, according to bankers. The deal, some say, is part of a broader trend among emerging market borrowers seeking to secure more attractive conditions.
The existing loan is a $400m facility signed in June 2016, comprised of a $300m term loan and a $100m revolving credit facility. Both tranches have a tenor of seven years and are due to mature in June 2023.According to bankers, the borrower has begun discussions to refinance ...
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