Lenders disagree over potential demand for social revolvers

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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