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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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Yingda International Leasing, which launched a $200m syndicated loan in January, has modified the deal's terms after a change in ownership.
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Investment company Melrose has completed its $1.25bn loan syndication, according to a banker on the deal. The borrower is one of very few to have launched a deal since the UK’s referendum on EU membership on June 23, but its oversubscription in syndication signalled that borrowers brave enough to try for loans will be rewarded, as banks continue to battle it out for market share. Robert Cooke reports.
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Two Indian companies are vying for the UK and Ireland assets of Israeli firm Teva Pharmaceutical Industries and have lined up loan packages to back their bids. Although the results are still some way off, credit starved bankers are excited about the prospects of financing a sizeable acquisition out of India, writes Shruti Chaturvedi.
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Sirius Minerals, the company developing a potash mine in North Yorkshire, has mandated six banks to arrange $2.6bn financing for the project.
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German pharmaceutical company Cheplapharm Greifswald is in the market for a €95m Schuldschein which the family-owned firm will not grow beyond the launch size.
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Swiss based commodity trader Ecom Agroindustrial will reach out to new, as well as existing, lenders in its $500m loan refinancing.