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Louis Dreyfus hikes loan to $500m with 26
The Asian arm of Louis Dreyfus Commodities has closed syndication of its three year revolver at $500m, higher than its launch size of $300m, with the borrower’s relationship banks coming into the deal.
Priced at a margin of 115bp over dollar Libor, it offers banks utilisation fees depending on how much of the loan Louis Dreyfus
draws. Banks receive 10bp if up to a third of the funds are drawn, 20bp for
between one and two thirds, and 40bp for more than
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