Lenders disagree over potential demand for social revolvers

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By Mike Turner
06 Aug 2020

Loan market bankers disagree about the impact that the new social revolving credit facility structure will have on the European market — though the first-of-its-kind Covid-19 facility for Suez will likely remain a rarity, after the Loan Market Association said it is not looking at producing documentation for the structure.

Suez, the French utility, has signed a €100m 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 and medical research and providing funds to its employees that worked during the crisis. 

“I can’t ...

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