SES picks up more than Eu1bn in syndication and looks to sign next week

15 Apr 2009

Bankers close to SES, the Luxembourg-based satellite operator, hope to close its Eu1.5bn facility by the end of next week. The loan, one of the most successful deals this year, has received more than Eu1bn of commitments in syndication and has given hope that retail demand in Europe is increasing.

“Hopefully we’ll have it all wrapped up by the end of next week,” said one banker. “All the banks are in. We’ve raised a bit more than Eu2.5bn in total.”

The transaction, launched in early March, has attracted non-relationship as well as existing lenders, according to the bookrunners. They ...

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