Alasdair's Feed
Oct 1, 2015

Trafigura closes increased $2.2 bln loan refinancing

LONDON, Oct 1 (Reuters) – Commodity trading firm Trafigura
has closed syndication of a $2.2 billion-equivalent loan, the
company announced on Thursday.

The loan, which is for Singapore subsidiary Trafigura Pte
Ltd, refinances a maturing three-year facility from 2012, as
well as maturing US dollar-denominated and Renminbi-denominated
facilities from 2014.

Oct 1, 2015

EMEA syndicated lending falls 24 pct in third quarter

LONDON, Oct 1 (Reuters) – Syndicated lending in Europe, the
Middle East and Africa (EMEA) in the first nine months totalled
$683 billion, down 24 percent compared to same period last year,
as European merger and acquisition activity remained muted and
demand for refinancing continued to tail off, Thomson Reuters
LPC data shows.

Despite high levels of market liquidity and ultra low
interest rates, demand for loans in EMEA has fallen due to
global volatility, a lack confidence to make large debt funded
acquisitions, and declining opportunistic refinancing.

Sep 29, 2015

AB InBev lining up $70 billion debt for SABMiller offer

LONDON (Reuters) – AB InBev is asking banks to underwrite up to $70 billion in debt financing to back its potential merger with SABMiller, banking sources said.

The initial financing is expected to comprise bridge loans, which will be refinanced by bond issues, and longer term loans, the sources said.

Sep 29, 2015

Watchful lenders remain supportive of embattled Glencore

LONDON, Sept 29 (Reuters) – Lenders remain supportive of
embattled commodities trader and mining company Glencore
, which has around $13 billion of liquidity available
and can finance its debt maturities for two years, sources
familiar with the situation said on Tuesday.

Glencore’s shares rose sharply on Tuesday after the company
said that it remained “operationally and financially robust” in
response to wild gyrations in its equity and bond prices this
week.

Sep 16, 2015

AB InBev raises lenders’ hopes for jumbo financing

LONDON, Sept 16 (Reuters) – The European loan market is
pinning its hopes on a potential jumbo loan financing backing
the merger of the world’s largest brewer AB InBev and
SABMiller, almost a year since the merger was last
seriously considered, banking sources said.

The potential financing will be welcomed with open arms by
European syndicated loan desks, many of which were set stiff
budgets this year in expectation of a return of big-ticket
European M&A. However, global volatility and poor growth
expectations have hit borrower confidence and the level of
European M&A financing this year has been disappointing.

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.