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Facility refinances loans signed in 2022 and 2023 with multiple institutions providing the financing
More robust growth expected in 2026
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Insurance company FWD Group’s $1.8bn acquisition loan is set to close by the end of November, with two more banks still expected to join the syndicate group.
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US payments company Elavon has agreed to buy UK and Ireland rival Sage Pay in a roughly £232m cash deal. Acquisitions continue in the region despite an impending election and the repeated delay of Brexit.
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Sweden’s Recipharm has agreed a debt-backed deal to buy the UK’s Consort Medical for an enterprise value of about £627m ($810m), as the pharmaceuticals sector remains a consistent area of M&A activity.
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Rabobank has promoted a senior member of its loan syndication team to become its new head of markets in Europe.
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Beijing Properties (Holdings) has returned for a $100m borrowing and a source close to the situation said syndication is unlikely to be difficult, despite some banks being averse to lending to the real estate industry.
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China Development Bank Financial Leasing is returning to the offshore loan market via sole mandated lead arranger and bookrunner, China Construction Bank (Asia).