Louis Dreyfus plots $200m loan amid heavy supply
Commodities trader Louis Dreyfus is planning to return to the loan market less than a year after it got a big response from Asian lenders, and is planning a $200m deal. But the company will have to compete with its European rivals for cash. Glencore and Gunvor are both seeking commitments to their own mega deals — and Noble Group could be next.
Funding officials at Louis Dreyfus have picked ANZ, BNP Paribas and HSBC as bookrunners of the deal. The borrower is still discussing the structure, but bankers close to the transaction said the loan is likely to have a tenor of around one or two years.Louis Dreyfus will become ...
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