Alasdair's Feed
Jul 1, 2015

EMEA first half syndicated lending down 26 pct

LONDON, July 1 (Reuters) – First half syndicated lending in
Europe, the Middle East and Africa (EMEA) of $446 billion was
down 26 percent compared to the first six months of 2014, as
European merger and acquisition activity remained sporadic and
demand for refinancing tailed off, Thomson Reuters LPC data
shows.

Despite high levels of market liquidity and ultra low
interest rates, demand for loans in EMEA has fallen.

May 21, 2015

Endo reveals $9.275 bln loan package for Par buy

LONDON, May 21 (Reuters) – Specialty drugmaker Endo
International has agreed a $9.275 billion loan package
backing its $8.05 billion acquisition of privately-owned Par
Pharmaceuticals, the borrower announced in an SEC filing
on Thursday.

The financing has been initially committed by Deutsche Bank
and Barclays.

The deal comprises a $1.5 billion, three-year senior secured
term loan B1 facility; a $3.5 billion, seven-year senior secured
term loan B2 facility; and a $1 billion, five-year senior
secured revolving credit facility.

May 1, 2015

Shell signs $15.3 billion bridge loan

LONDON (Reuters) – Royal Dutch Shell (RDSa.L: Quote, Profile, Research, Stock Buzz) has agreed a 10.07 billion pound ($15.28 billion) bridge loan from a group of relationship banks backing its 47 billion pound takeover of smaller rival BG Group (BG.L: Quote, Profile, Research, Stock Buzz), the company announced on Friday.

The two-year loan replaces a 3.025 billion pound interim bridge loan that was provided in early April by Bank of America Merrill Lynch.

May 1, 2015

Shell signs 10 billion pound bridge loan

LONDON (Reuters) – Royal Dutch Shell (RDSa.L: Quote, Profile, Research) has agreed a 10.07 billion pound bridge loan from a group of relationship banks backing its 47 billion pound takeover of smaller rival BG Group (BG.L: Quote, Profile, Research), the company announced on Friday.

The two-year loan replaces a 3.025 billion pound interim bridge loan that was provided in early April by Bank of America Merrill Lynch.

May 1, 2015

Shell signs 10 bln stg bridge loan

LONDON, May 1 (Reuters) – Royal Dutch Shell has
agreed a 10.07 billion pound ($15.28 billion) bridge loan from a
group of relationship banks backing its 47 billion pound
takeover of smaller rival BG Group, the company announced
on Friday.

The two-year loan replaces a 3.025 billion pound interim
bridge loan that was provided in early April by Bank of America
Merrill Lynch.

Apr 1, 2015

EMEA first quarter syndicated lending flat at $208 bln

LONDON, April 1 (Reuters) – Syndicated lending in Europe,
the Middle East and Africa (EMEA) of $208 billion in the first
quarter was flat on $209 billion in the first three months of
2014 despite an increase in merger and acquisition (M&A)
financing, Thomson Reuters LPC data shows.

Loan volume failed to match strong demand and high levels of
bank liquidity. M&A activity is growing slowly but the
refinancing wave, which has driven activity in the last two
years, is subsiding.

Feb 12, 2015

Enel renegotiates 9.4 bln euro loan

LONDON, Feb 12 (Reuters) – Italian utility Enel
has renegotiated a 9.4 billion euro ($10.70 billion) revolving
credit facility, extending the maturity of the loan and reducing
the cost of the financing, the company said in a statement on
Thursday.

The maturity of the financing, which can be used by Enel and
by its Dutch subsidiary Enel Finance International, for
day-to-day cash requirements, has been extended to 2020 from
April 2018, previously.

Dec 31, 2014

EMEA lending of $1.2 trn highest since financial crisis

LONDON, Dec 31 (Reuters) – Syndicated lending in Europe, the
Middle East and Africa (EMEA) reached $1.2 trillion in 2014, the
highest annual total since 2007 and 25 percent up from $930
billion in 2013, according to Thomson Reuters LPC data.

Lending activity was buoyed by the return of acquisition
financing and record refinancing.

Dec 11, 2014

Banks line up debt for Macquarie’s Iberian utilities buy

LONDON, Dec 11 (Reuters) – Banks have lined up 1.4 billion
euros ($1.74 billion) of debt financing to back the acqusition
of German utility E.ON’s Spanish and Portuguese
operations, banking sources said.

Macquarie via its Macquarie European Infrastructure
Fund 4 and Wren House Infrastructure, an investment vehicle of
the Kuwait Investment Authority, agreed to buy E.ON’s Spanish
and Portuguese integrated electricity businesses on December 1
for around 2.5 billion euros.

Oct 16, 2014

Geberit lines up $1.78 billion in loans for Sanitec buy

LONDON (Reuters) – Swiss sanitary systems firm Geberit (GEBN.VX: Quote, Profile, Research, Stock Buzz) said it is lining up $1.78 billion-equivalent of loans to back its acquisition of Finland-based bathroom ceramics company Sanitec.

The financing includes a 900 million Swiss franc ($950.47 million) bridge loan to a bond issue and a 400 million euro($509.32 million) bridge loan which will be refinanced by a term loan.