Linde and ArcelorMittal prove doubters wrong to show depth of demand in Europe

14 May 2010

Deals from German gas company Linde and steel firm ArcelorMittal, both of which had caused controversy when they were launched last month, were signed this week, proving the depth of demand from lenders in the European loan market.

On Monday, Linde completed the refinancing of its BOC acquisition facility, signing a five year loan. Although some bankers criticised the deal when it was launched last month as too tight, lenders piled into the facility. The loan was increased to Eu2.5bn from a planned Eu2.25bn after oversubscription, ...

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