Voith out with Eu700m 5+1+1

24 May 2011

Power and paper equipment manufacturer Voith is out in the market with a Eu700m five year revolving credit facility led by BNP Paribas, Commerzbank, LBBW and Santander.

The new deal is only being marketed to relationship banks.

The deal carries two one year extension options, which are becoming an increasingly familiar sight in the investment grade bond market. Since no borrower has followed the path forged by TeliaSonera late last year when it arranged a straight ...

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