SAP banks could face scalebacks after deal is heavily oversusbcribed during syndication

A five year Eu1.5bn revolving credit facility for SAP, the German software firm, is likely to be oversubscribed after a successful syndication process. Although it has not yet been decided whether the borrower will increase the size of the credit line, bankers working on the facility say that scalebacks are likely.

  • 10 Dec 2010

"This deal has done extremely well," said a banker close to the deal. "Although commitments were due yesterday, we’re still waiting for a couple of accounts."

Commerzbank, Deutsche Bank, Royal Bank of Scotland and Société Générale are working as mandated lead arrangers and bookrunners on the deal. The new ...

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2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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5 Credit Suisse 49,265.86 144 5.39%