League table positions to stand if BHP’s M&A loan is cancelled

04 Nov 2010

Banks’ participation in the $45bn jumbo facility backing BHP Billiton’s hostile bid for PotashCorp of Saskatchewan will still count towards their league table positions, even if the loan is cancelled, after the Canadian government blocked the acquisition.

Dealogic has confirmed that lenders will still be accredited for their commitments as the deal was syndicated and signed in September, and initial fees will have been paid.

“They still get the credit for getting the deal done,” said a loans banker involved in the M&A facility. “The ...

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