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Provider : Reuters Investment Profile
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Brenntag AG extends 1.6 billion euro loan


Monday, 31 Mar 2014 07:15am EDT 

Brenntag AG:Amends 1.6 billion euro-equivalent syndicated loan, extending maturity and reducing pricing while increasing amount of deal.Financing has been extended to March 2019 from July 2016 previously, while Brenntag expects to save more than 6 million euros in interest year thanks to cut in margins.Says revolving credit facility has also been increased by 100 million euros to 600 million euros after deal received closed oversubscribed by syndicate of 22 banks from Brenntag's existing group of banks.Bookrunners and mandated lead arrangers on transaction were BNP Paribas, Commerzbank, HSBC Trinkaus & Burkhardt, Helaba, Royal Bank of Scotland and UniCredit Bank.Mandated lead arrangers are Bank of America Merrill Lynch, Bank of Tokyo-Mitsubishi UFJ, Credit Agricole CIB, Deutsche Bank, ING Bank, Mizuho Corporate Bank and SEB.Lead arrangers are ANZ Banking Group, Banco Santander, BayernLB, DZ Bank, Danske Bank, Fifth Third Bank, Goldman Sachs, HSH Nordbank and Scotiabank. 

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49.595
1.505 +3.13%
11:35am EDT