Revolvers dominate European lending

03 Aug 2011

More than 60% of European loans over the first seven months of the year were revolving credit facilities, according to data provider Dealogic, while volumes overall in the region have risen by 20% from the same period in 2010.

In Europe, the volume of revolving credit facilities reached $372bn at the end of July, the highest volume for the period since 2005. Bankers have been frustrated at the dominance of refinancing revolvers and the lack of new-money paper available for much of the year, although some acquisition ...

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