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Pharmaceuticals and energy transition also ripe sectors for M&A
Munich-based company's deal is one of five launched this month
Big deal joins light supply in January
Bankers say deals are still being launched and believe international rivalry can be negotiated
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Sodexo has signed a revolving credit facility that has a margin linked to food waste reduction, as the French food services and facilities management firm joins a growing trend of corporates tweaking sustainability-linked deals to suit their characteristics.
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Antonio Keglevich will lead a new sustainable finance advisory team at UniCredit, aiming to originate deals across asset classes.
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Commodities company Mercuria has returned for its annual outing to the syndicated loan market, and is seeking $1bn from a four-tranche borrowing.
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UK train leasing firm Porterbrook has entered the US private placement market, according to several market participants, seeking to raise debt under its sustainability programme.
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The razor-thin edges in the syndicated loan market that make the difference between a bank maintaining its space in dwindling investment grade syndicates and being kicked to the kerb were brought into focus this week, as corporate treasurers explained the minor points that can make all the difference when they choose banks.
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China Aircraft Leasing Group Holdings (CALC) is seeking its second syndicated loan of the year and has approached banks to co-ordinate the deal.