Porsche in race to refi divisive Eu10bn loan

27 Feb 2009

Porsche is facing a tense struggle to refinance a Eu10bn syndicated loan due next month.

Bankers have become increasingly nervous about the facility, saying the challenge of getting the refinancing done has been exacerbated by the borrower’s slow response to the crisis afflicting debt markets and its controversial use of the existing deal, a backstop which it drew down entirely in 2008.

"They have ...

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