Crédit Lyonnais is scheduled to launch syndication of a three-year, $150 million revolver for Global Industries tomorrow. Price talk is LIBOR plus 4%. Natexis Banques Populaires and Whitney Bank have already signed on, a source familiar with the deal said. Bank One led the company's previous facility with Credit Lyonnais as the syndication agent and Wells Fargo as the documentation agent. A Global Industries official declined to comment on the bank relationships. Global Industries provides construction, engineering and support services to the oil and gas industry. Credit Lyonnais and Natexis bankers declined comment.
Crédit Lyonnais Preps Global Industries Revolver