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  • Chemical group Kemira has signed a Eu100m 12 year loan via the European Investment Bank.
  • The trend of reverse flexes in the leveraged loan market escalated this week, as the bookrunners of a refinancing loan for French frozen food manufacturer Picard Surgelés — Calyon and Royal Bank of Scotland — asked lenders to approve a second cut on the deal's margin.
  • EuroWeek hears that French telecommunications satellite company Eutelsat may be returning to the loan market for a refinancing.
  • Bookrunners ABN Amro, BNP Paribas, Calyon and Citigroup will sign banks into their Eu1.1bn loan for Arkema next week after its imminent closure.
  • Rating: Caa1
  • Rating: Caa1
  • Guarantor: General Electrical Capital Corp
  • Barclays Capital and WestLB have completed syndication of the Eu130m loan backing the buy-out of German newspaper publisher Berliner Verlag by Veronis Suhler Stevenson and Mecom.
  • Gas and electricity company EWE has increased its Eu750m revolver to Eu850m following oversubscription.
  • Bids were due in yesterday (Thursday) to arrange Ghana Cocoa Board's (Cocobod) $600m 11 month loan. Banks were asked to bid on their own or in groups of no more than four.
  • Premarketing of the IPO for Aéroports de Paris will begin on May 18. It is expected to last 10 days before a price range is announced and a two week roadshow begins.
  • Rating: Aa3/AA-/AA-