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Former investment banker has been CFO of Verbund
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Cavotec, the Swiss maritime engineering group, has refinanced its €95m revolving credit facility with a new bank line, a month after reporting a more than 20% hit to its revenues from the coronavirus pandemic. -
Borrowers across EMEA are pivoting further towards bilateral lending, which is proving a source of comfort as market conditions squeeze companies out of the syndicated loan market.
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Banks have shown quick interest in a new $500m loan from Indonesia’s Sarana Multi Infrastruktur (SMI), which is wooing lenders with a short tenor deal.
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Philippine oil refining and marketing company Petron has approached its relationship banks for a new club loan, after acknowledging the impact of the Covid-19 pandemic,
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India’s Mu Sigma, a data analytics firm, has kicked off an up to $100m loan in general syndication, after receiving commitments from three banks ahead of launch.
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Subsidiaries of China Steel Corp and Ta Ya Electric Wire & Cable have closed their respective dollar loans.
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