Stemcor launches revolver and forward start to refinance debt

26 Mar 2010

Steel trading company Stemcor Holdings has launched a $400m 364 day revolver and a $100m two year forward start facility to refinance outstanding debt. A bank meeting will be held in London on Monday.

BNP Paribas, Fortis Bank, ING, Royal Bank of Scotland, Société Générale and StanChart are mandated lead arrangers and bookrunners on the deal, joined by Credit Europe Bank, Credit Suisse and Development Bank of Singapore as the mandated lead arrangers.

The revolver will be used for general corporate purposes and ...

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