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Consortium of four banks provided financing with one bank new to deal
LBO financing includes $5.75bn term loan to be priced early next week
Consortium of eight banks provided the loan and facility contains 'rendevous' clause for switch to green purpose loan
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Siberian Anthracite, the largest producer of anthracite coal in Russia, has closed a dual currency loan refinancing, adding a large euro chunk to its existing dollar debt. The deal points to a growing inclination towards euro funding among Russian borrowers in a bid to avoid operational and sanction-related obstacles, say bankers.
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Antonio Keglevich will lead a new sustainable finance advisory team at UniCredit, aiming to originate deals across asset classes.
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Commodities company Mercuria has returned for its annual outing to the syndicated loan market, and is seeking $1bn from a four-tranche borrowing.
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UK train leasing firm Porterbrook has entered the US private placement market, according to several market participants, seeking to raise debt under its sustainability programme.
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The razor-thin edges in the syndicated loan market that make the difference between a bank maintaining its space in dwindling investment grade syndicates and being kicked to the kerb were brought into focus this week, as corporate treasurers explained the minor points that can make all the difference when they choose banks.
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National governments of the European Union have reached agreement on the law that will implement the Taxonomy of Sustainable Economic Activities, even though Germany, Austria, Luxembourg and Greece are unhappy that nuclear power has not been specifically excluded. There could be fights over that issue when the Parliament and Commission negotiate with the Council in a 'trilogue'.
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