Louis Dreyfus mulls increase as banks flock to loan

Commodities trader Louis Dreyfus could double a $200m multi-tranche loan this month, after more than 10 lenders signed up to the deal in syndication. But the borrower is still waiting for a few more banks to commit before it makes a final decision on whether or not to boost the loan.

  • 13 Jul 2011

Between 10 and 12 banks have already joined the deal, which is split between a $105m three year term loan, a $45m three year revolver and a $50m five year term facility.

Two or three more banks could join over the next two weeks, allowing the borrower to ...

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