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.
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