Schneider refi sparks ‘phenomenal’ response

The refinancing of up to Eu2bn for France’s Schneider Electric has already received a "phenomenal" response from lenders after it launched earlier this week to a group of relationship banks.

  • 07 Aug 2009
The deal has sparked interest among wider market participants because of its three and five year tenor — only the second five year deal to launch this year after Auchan’s (see separate story) — and the structure of its covenants, which are looser than on most other loans ...

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