Scandlines allocates €875m refi loan, heavily oversold

Scandlines is today allocating its new €875m refinancing loan package, after strong investor demand in Europe left the book heavily oversubscribed, even after the terms were changed in the issuer's favour.

  • By Olivier Holmey
  • 04 Nov 2013

The deal was launched on October 2, kick-starting the European leveraged loan market after a quiet August and September. It was the largest leveraged loan package to be issued in October.

Danske Bank, Deutsche Bank, Goldman Sachs, ING, JP Morgan, Mizuho, Société Générale and UBS arranged the transaction.

Because of ...

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1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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5 Credit Suisse 51,560.77 157 5.45%