Louis Dreyfus hikes loan to $500m with 26

By Shruti Chaturvedi
07 Aug 2014

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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