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
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.
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.
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.
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.
LONDON (Reuters) – European aerospace company Airbus Group (AIR.PA: Quote, Profile, Research, Stock Buzz) has completed an amend and extend of its existing 3 billion euro ($3.79 billion) revolving credit facility, the company said in a statement.
A/A2/A- rated Airbus Group, previously European Aeronautic Defence and Space Company (EADS), has joined other highly-rated European corporates to amend and extend their longer-dated credit facilities to improve terms and refresh maturities.
LONDON, Oct 14 (Reuters) – European aerospace company Airbus
Group has completed an amend and extend of its existing
3 billion euro ($3.79 billion) revolving credit facility, the
company said in a statement.
A/A2/A- rated Airbus Group, previously European Aeronautic
Defence and Space Company (EADS), has joined other highly-rated
European corporates to amend and extend their longer-dated
credit facilities to improve terms and refresh maturities.
LONDON, Oct 13 (Reuters) – Swiss oil and energy trader
Gunvor Group has launched syndication of a $900 million revolver
to replace the maturing tranche of its $1.5 billion European
loan that was signed in December last year, the company said in
a statement on Monday.
The new loan, which is for general corporate purposes and
working capital, is available to Gunvor International and Gunvor
LONDON, Sept 30 (Reuters) – Syndicated lending in Europe,
the Middle East and Africa (EMEA) was up 18 percent year-on-year
to $812.6 billion in the first nine months of 2014, the highest
volume total since 2007, Thomson Reuters LPC data shows.
The loan market has been buoyed by the return of large-scale
merger and acquisition financing, with over $122.8 billion of
loans backing acquisitions completed year-to-date, outstripping
all full-year M&A totals since 2008.
LONDON, Sept 8 (Reuters) – Banks in Europe could soon find
it much less lucrative to underwrite M&A loans as they bid
increasingly aggressively to win precious mandates and are
forced to dilute their share of ancillary business to sell deals
on to other banks.
After a wave of cut-price refinancings and amend-and-extend
exercises, banks hoped a pipeline of more profitable
event-driven financings would enable them to hit targets and
reap the rewards that come with leading new transactions.
LONDON (Reuters) – British cigarette maker Imperial Tobacco has closed loans of about $13 billion to back its acquisition of selected brands and assets from Reynolds American Inc, the lead banks said on Monday.
The jumbo financing covers the $7.1 billion acquisition and refinances Imperial’s existing core bank borrowings, which provide working capital and funds for general corporate purposes.