Cargill returns for $1bn revolver

Commodities firm Cargill has opened up its $1bn loan into general syndication, managing to pull off pricing of low 30bp over dollar Libor.

  • By Rashmi Kumar
  • 10 Feb 2014

The 364 day revolving facility is offering lenders three participation levels. Mandated lead arrangers committing $75m earn fees of 175bp, lead arrangers committing $50m earn 150bp, and co-arrangers committing $25m earn 125bp, according to a banker at one of the bookrunners.

The deal launched on February 10 ...

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