Aggressive ABB expected to find warm reception

10 Sep 2009

Bankers expect a self-arranged $2bn three year refinancing for Swiss engineering company ABB to close successfully despite its aggressive pricing

The revolving credit will pay a 100bp margin with a 65bp fee and is expected to close in early October, a spokesperson for the company said.

ABB went out to its existing lenders — BNP Paribas, Barclays Capital, Citi, Commerzbank, Credit Suisse, Deutsche Bank, HSBC, Nordea, SEB, Svenska ...

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