Copying and distributing are prohibited without permission of the publisher
Nyrstar debut borrowing base oversubscribes
09 March 2010
A debut borrowing base facility for zinc producer Nyrstar has closed “massively” oversubscribed.
Read more:
[Nyrstar borrowing base]
[ listed metals producers borrowing base]
[return to secure trade finance structures]
A Eu250 million debut borrowing base facility for the world’s largest zinc producer, Nyrstar, has closed last week “massively” oversubscribed, according to bankers close to the deal.
Deutsche Bank is the mandated lead arranger and has fully underwritten the multicurrency loan which originally launched at Eu300 million. The deal has a maturity of four years with a run-off period during the fourth year (Trade Finance 23/02/10).
The syndicated facility also incorporates an accordion feature that facilitates an increase in the facility limit (on an approved but uncommitted basis) to Eu500 million.
Bankers have not confirmed...
You must be logged in to view this page. If you are already a registered user please log in. Alternatively, you can request a free trial or subscribe.
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the current issue for two weeks (excluding
some surveys and articles). Start your free trial today.
