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The deal maintains 2023's overall size but increases the RCF with one lender dropping out of syndicate
German corporate loan flow evaporates in third quarter thanks to lack of urgency and borrowers' desire for better terms
In the super-competitive race to fund the artificial intelligence boom, Morgan Stanley has led its rivals by innovating. Some of the structures could be heading to Europe
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Oil services company Fugro on Thursday cut the size of its credit facilities from €775m to €500m, with one bank dropping from out of the lending group. -
Italian oil drilling company Saipem has completed a €4.7bn debt refinancing, with 21 banks participating in its first syndicated loan.
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David Lloyd Leisure, the TDR Capital owned UK gym and spa firm, is widening pricing on its £380m debt offering after prospective lenders missed the Tuesday commitments deadline.
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Drax Group, which operates the UK's largest power station, has refinanced its £400m revolving credit facility, making "minor changes" to its lending group, and cutting 50bp from the margin.
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Reserve Bank of India has issued a new framework to regulate offshore borrowing by Indian companies. While the changes are aimed at reducing the stress in the country’s banking system, the rules have led to bankers questioning how they will adjust to the new regime. Shruti Chaturvedi reports.
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State-owned refiner Bharat Petroleum Corp has sent out a request for proposals for a $200m deal, coming to the market eight months after it cancelled a loan in favour of a bond.
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