Lidl shops for second Asian loan

AdobeStock_Lidl_store_575x375_18Jan2021
By Mariam Meskin
18 Jan 2021

Lidl, the Germany-headquartered budget supermarket chain, has entered the syndicated loan market to raise cash from Asian lenders for a second time, according to market sources.

The borrowers, Lidl Great Britain Ltd and Lidl Nederland GmbH, are seeking sterling and euro syndicated loans, according to a source near the deal.

The borrower is looking for £200m-£300m-equivalent in a loan with an expected maturity of five years.

The syndicate will consist of Asian lenders.

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