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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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Kuwait petrochemicals firm Equate has delayed signing $6bn of loans until next week because the firm’s board members are still waiting on approvals, said bankers. -
Inner Mongolia-based China Shengmu Organic Milk is testing appetite in the syndicated loan market for a $120m three year facility and is offering banks an attractive yield of more than 300bp.
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UK construction company Balfour Beatty has nearly halved the size of its revolving credit facility in a £400m refinancing deal.
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Cooper, the French pharmaceuticals distributor, has priced the term loan ‘B’ for its acquisition by Charterhouse at 475bp over Euribor, with an original issue discount of 99.5, the wide end of initial talk that began at 450bp.
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Arrangers have not set a closing date for the $1bn loan for the Sultanate of Oman, on which pricing has been widened recently, but bankers hope to close the deal before year end.
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Commercial Bank of Qatar has signed its $1bn loan refinancing and increased the deal from $800m in syndication, but bankers said it was fortunate to have got the deal done in time before Middle Eastern loan margins rise.
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