Ecom refinances debt
Swiss agri-firm Ecom has brought in a multicurrency debt facility worth US$350mn less than three months after the firm closed an oversubscribed syndicated loan in Singapore.
The new loan has ABN Amro and Crédit Agricole onboard as bookrunners and mandated lead arrangers.
The funds will be used to refinance two revolving credit facilities; a £91mn revolver that needs to be repaid in September 2011 and a US$220mn one-year revolver maturing in November 2011.
Remaining funds will be used for general corporate purposes.
The facility carries a single one-year extension option.