Coutinho & Ferrostaal signs $620m loan

07 Jan 2011

Hamburg-based international steel trader Coutinho & Ferrostaal signed a $620m multicurrency revolving credit at the end of December with a group of 10 lenders.

Commerzbank and UniCredit led the one year facility as mandated lead arrangers and bookrunners. The transaction was oversubscribed and each of the contributing banks had to scale back their commitments. Ticket sizes range from $25m to $100m.

HSH Nordbank and ABN Amro acted as mandated lead arrangers on the ...

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