Tenor no problem as EDF completes Eu4bn refi

French utility EDF has signed a Eu4bn five plus one plus one year loan, with bankers close to the deal saying that there was no pushback from lenders over the longer tenor of the facility.

  • 23 Nov 2010

The refinancing for the Aa3/A+/A+ rated firm, which carried a margin of 35bp, attracted some new lenders as well as the company’s existing relationship banks.

“The deal was well oversubscribed and there were scale-backs,” said a loans banker close to the deal. “There were some new lenders in there, ...

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