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Facility refinances loans signed in 2022 and 2023 with multiple institutions providing the financing
More robust growth expected in 2026
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Spanish football club Atlético Madrid has signed a €300m US private placement, following its rivals FC Barcelona into the market.
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Kungsleden, a Swedish commercial property owner, has signed a Skr2.9bn (€285m) credit facility linked to sustainability targets, as lenders’ varying approaches to key performance indicators on these types of deals are once again thrust into the spotlight.
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Commodities company Trafigura’s Singapore arm is making its annual return to the Asian loan market, this time opting for a sustainability-linked facility.
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Essentra, the UK speciality fibres and plastics maker, has closed a US private placement deal at $250m.
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Gunvor, the Swiss energy trading company, has signed an $872.5m guarantee facility. Lenders' demand for assets is so big that the deal was oversubscribed by 45%.
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Loomis, the Swedish cash handling company, has signed a €265m-equivalent credit facility, with the borrower maintaining the same level of net bank facility debt.