The Slovene bank Abanka has closed its € 165mn syndicated amortising term loan facility. It was arranged by mandated lead arrangers and bookrunners BayernLB, DZ Bank, Intesa Sanpaolo and RZB Bank.

The borrower initially asked for € 100mn, but during syndication the facility was oversubscribed. The deal has a maturity of three years, with an average life of 1.75 years. It pays a margin of 47.5 basis points per year over Euribor.

Participating banks were offered four levels of commitment. MLAs could join for a commitment of € 20mn for 48bp; or € 15mn for 44bp; or as a co-arranger for € 10mn at 40bp; or as a senior lead manager for € 5mn at 36bp.

An additional 10 banks joined during syndication: Bank Austria, Agricultural Bank of Greece, Bank of Montreal Ireland, Erste Bank, Landesbank, Norddeutsche Landesbank, WGZ Bank, Chinatrust Commerical Bank, First Commercial Bank, and Landesbank Sarr.