Social revolvers expected to remain tiny part of loan market

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By Mike Turner
03 Aug 2020

The Loan Market Association is not looking at producing documentation for social revolving credit facilities, adding to the likelihood that the first-of-its-kind Covid-19 facility for Suez last week will remain a rarity in the market.

Suez, the French utility, signed a €100m due July 2022 facility that will be used to address the impacts of the Covid-19 crisis. The company will do that by financing charitable foundations, medical research and providing funds to its employees that worked during the crisis. 

“I can’t imagine ...

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