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Votorantim To Ink $2.65B Bank Loan
Votorantim Industrial is set to secure a $2.65 billion syndicated loan led by 10 banks.
Votorantim Industrialis set to secure a $2.65 billion syndicated loan led by 10 banks,Bloombergreports. The Brazilian company’s loan is divided into two parts, a $1.15 billion export prepayment facility and a standby revolving credit line worth $1.5 billion.
The trade-related loan will be due in seven to eight years, while the standby facility has a five-year maturity. The banks that led the loan includeBanco Bilbao Vizcaya Argentaria,Bank of America,BNP Paribas,Credit Agricole,HSBCHoldings,摩根大通(JP Morgan)底盘e,Banco SantanderandSociete Generale.
Click here for the story fromBloomberg.