Auchan set for big increase after defying critics

05 Aug 2009

Strong support for the five year Eu400m facility for French retailer Auchan, the longest-dated transaction to hit the western European loan market this year, is likely to lead to a big increase on the deal, despite initial grumblings from prospective lenders about the tight pricing.

The transaction was this week said by some bankers close to the facility to have raised over Eu1bn in syndication, and will be wrapped up in the next 10 days. The borrower could even double the amount of the deal, although it has not yet been determined how ...

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