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New facility smaller than the original but 20% larger than the launch amount
In Europe loans are the key to opening ancillary business while in the Middle East relationships should cap premiums
Market stress so far confined to consumer credit and SMEs across region
Tighter margin loan a 'sign of things to come' for infrastructure lending
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Geneva-headquartered oil and commodity trader Vitol has signed $8bn of syndicated revolving credit facilities, gaining the support of 55 banks.
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Axa Investment Managers has merged its alternative solutions and structured finance teams to form a single alternative credit offering as investors hunt harder than ever to find elusive yield.
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A former managing director at New York Life Investment Management in London has left his job to go back to study at university.
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Nordic telecoms company TeliaSonera has signed a €1.5bn five year credit facility with thirteen banks, refinancing a seven year deal signed in 2010.
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UK waste management company Shanks has agreed a €600m facility for its €482m acquisition of Dutch competitor Van Gansewinkel Group.
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There was enough bad news across markets last week to make even the most optimistic participants feel apocalyptic and the sense of foreboding deepened further when the Ranger travelled to Paris.