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The Prague-based defence and technology firm attracted 18 institutions into a deal which compressed margins by 150bp
Sleeping SLLs clause enters template as compressed margins make borrowers reluctant to deal with verification costs
First Abu Dhabi joins the syndicate for the short term loan all but equalling the size of a previous revolving facility
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Greencoat UK Wind, the highly acquisitive UK investment fund focused on UK wind farms has entered an agreement to acquire a Scottish wind farm for £320m. Greencoat has all the financing it needs already to complete the deal, scheduled to close in the first quarter 2023, but it is looking at further acquisitions and could turn to equity to finance it. -
Crisis lending to emerging market sovereigns is coming ever more from multilateral development banks rather than commercial lenders, as the latter retreat to funding companies and other financial institutions.
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Adani Electricity Mumbai has decided to close its debut offshore borrowing as a club deal with eight banks, bringing an end to long-running discussions about a possible syndication.
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Indonesia’s Sarana Multi Infrastruktur (SMI) has mandated five banks for a planned $500m refinancing loan. But bankers on the deal warn the terms could change due to uncertain market conditions.
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The coronavirus pandemic is shaking up the competitive landscape in capital markets, as some firms find it harder to commit to deals — but there are winners, too, and one of the most notable cases is BNP Paribas’s presence in the syndicated loan market.
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Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has closed its maiden borrowing at a bigger size of $500m, after receiving strong response during syndication.
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