Share backed Sfr2bn refi for Renova
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Share backed Sfr2bn refi for Renova

Russian investment group Renova Group has signed a Sfr2bn ($2.05bn) syndicated loan to refinance its debt. Part of the security package is a pledge of shares the group holds in OC Oerlikon and Sulzer. The self-arranged club deal has four tranches, with tenors ranging from four to seven years.

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