CVRD Mulls Loan Upsize

CVRD Mulls Loan Upsize

M&A

Commitments are due this week for CVRD's $5 billion two-tranche pre-export loan, part of the takeout of an $18 billion financing for the acquisition of Inco. The deal via ABN AMRO, Credit Suisse, Santander and UBS had almost $10 billion in commitments as of December 20 and the borrower is considering an upsize. It is split 75% in a five-year paying 62.5bp over Libor, and a seven-year at 75.0bp. The deal will leave CVRD with around $3 billion left to take out of the two-year bridge, which has als

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