Social revolvers expected to remain tiny part of loan market

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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