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Nyrstar debut borrowing base oversubscribes
09 March 2010
A debut borrowing base facility for zinc producer Nyrstar has closed “massively” oversubscribed.
Read more:
Nyrstar borrowing base
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A Eu250 million debut borrowing base facility for the world’s largest zinc producer, Nyrstar, has closed last week “massively” oversubscribed, according to bankers close to the deal.
Deutsche Bank is the mandated lead arranger and has fully underwritten the multicurrency loan which originally launched at Eu300 million. The deal has a maturity of four years with a run-off period during the fourth year (Trade Finance 23/02/10).
The syndicated facility also incorporates an accordion feature that facilitates an increase in the facility limit (on an approved but uncommitted basis) to Eu500 million.
Bankers have not confirmed...
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