July 7, 2017 |
Citi, Credit Suisse and Export Development Canada expect to wrap up the syndication process for a roughly $220m loan to GE and YPF before the end of the month.
The trio of lenders have underwritten the five-year loan and started spreads at 400bp over Libor, two sources familiar with the transaction said. Pricing will increase to 575bp once construction of the assets are complete, the sources added.
Leads are, however, expected to take on a “good chunk” of the financing, leaving little to syndica
Three entities negotiate generous spreads on roughly $220m in financing and expect to wrap up the syndication process before the end of this month