Cavotec picks Credit Suisse to arrange latest revolving credit facility refinance

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By Mike Turner
23 Jun 2020

Cavotec, the Swiss maritime engineering group, has refinanced its €95m revolving credit facility with a new bank line, a month after reporting a more than 20% hit to its revenues from the coronavirus pandemic.

Credit Suisse arranged the new five year facility. It had not been on the five year revolver from 2015 being refinanced, which had HSBC, SEB and UBS as bookrunners.

“The agreement with Credit Suisse... gives Cavotec a cost-effective financing, increased financial flexibility and a prolonged time to maturity,” said ...

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