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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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Kazakhstani crude oil company Tengizchevroil (TCO) has picked a raft of banks to manage a debt sale that will help to finance a $36.8bn expansion project. -
Four banks will underwrite the $1.25bn loan for UK investment firm Melrose's acquisition of Nortek of the US. It is the largest acquisition announced by a UK company since the country voted to leave the EU on June 23.
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In a market that generally sees few people moves, there was a rare flurry of activity last week as many made plans to move jobs, or homes, for new opportunities.
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Mathias Noack, who oversees syndicated loans at UniCredit, will become head of syndicated loans at BTMU in London. UniCredit is looking for Noack’s replacement.
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UK real estate companies are facing a rough ride in loan markets after the country’s decision to leave the EU on June 23. But the rest of Britain’s borrowers have escaped paying a Brexit premium thus far, write Elly Whittaker and Robert Cooke.
