Nutreco puts lenders on diet, slashes margin by 100bp

27 May 2010

Dutch animal feed company Nutreco has amended a syndicated loan facility that it signed last year, taking advantage of improved market conditions to tighten the margin on the deal by nearly 100bp.

The self-arranged amendment has also extended the maturity from 2012 to May 2014 and reduced the size of the facility by Eu50m to Eu500m. "The amendment was heavily oversubscribed, but our strong cash flow and the success of a number of private placements over the last year have ...

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