|
The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
BNP Paribas Leads $195MM Ferrexpo Revolver
Monday, November 20, 2017
|
Lenders/Participants
|
BNP Paribas [Lender]
|
|
Structure
|
Revolver
|
|
Amount
|
$195.000
Million
|
|
Borrower(s)
|
Ferrexpo
|
|
Description
|
A new secured three-year revolving credit facility. The credit facility will amortise over eight quarters with final repayment on 31 December 2020 and will be used for general corporate purposes. Chief financial officer Chris Mawe said: 'This new Facility is testimony to the strong business profile of the Group and is a continuation of Ferrexpo's strategy to further strengthen its balance sheet in a volatile commodity price environment. The facility will significantly reduce the group's average cost of funding and extend its debt maturity profile. Transaction details not disclosed. The facility includes a syndicate of six international lenders.
|
|
Industry
|
Metals and Mining
|
| Related Tags |
BNP Paribas
|
ABL Advisor
Deal Tables
2025
|
|
|
|