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Facility refinances loans signed in 2022 and 2023 with multiple institutions providing the financing
More robust growth expected in 2026
German promissory notes come into their own in times of stress
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The UK’s JD Wetherspoon has increased its sterling revolving credit facility to £875m, as the pub chain with heavily pro-Brexit management announced significantly higher costs in its latest trading update.
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Ping An Real Estate, a unit of Ping An Group, is returning to the loan market for an up to $300m borrowing after a two-year absence.
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Far East Horizon has opened into syndication a $580m-equivalent three year term loan via six mandated lead arrangers and bookrunners.
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Haitong UniTrust International Leasing, owned by Haitong International Securities, is seeking a $100m loan as its parent company also woos lenders to a separate, larger facility.
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Belgium’s Solvay has signed a €2bn sustainability-linked revolving credit facility, as the chemicals company progresses with one of the most ambitious decarbonisation undertakings in its industry.
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Two US PP institutional investors headquartered in the US are considering lending to UK borrowers for the first time this year.