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Eighteen year facility backed by EIFO comes as interest in energy infrastructure mounts
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
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Louis Dreyfus Commodities Asia has returned to raise a $400m three year revolver. Like its previous facility, the latest one is offering banks a utilisation fee, a common feature of syndications for commodity companies in Europe.
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Exeltium, a French consortium that negotiates stable and competitive electricity pricing for its industrial shareholders, has agreed a €1.4bn senior debt refinancing with investors.
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It has been an active week in the European private bespoke debt market, with Vroon agreeing a private placement while Hamburg Energienetze wrapped up a Schuldschein.
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Dutch cargo shipping company Vroon has agreed a €70m private placement with insurance firms, in what is thought to be the first euro PP deal in the sector.
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Vestas Wind Systems, the Danish wind turbine maker, has refinanced a revolving credit facility it agreed last year, extending the tenor and achieving more favourable terms.
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Quanta Computer subsidiary Quanta International, which launched a dual tranche borrowing into general in March, has signed the facility at an increased size of $900m after fully exercising a greenshoe option.