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Commodities Briefing - Categorized | Fund Profile, Investment, Market Moves more

ED&F Man’s $900 mln loan refi heralds wave of deals

Posted on 15 January 2009

From Guardian:UK commodities merchant ED&F Man is seeking a $900 million loan refinancing as the sector tries to extend the maturity profile of its debt and lock in liquidity, banking sources said on Wednesday.

ED&F Man is the first commodities trader to tap the European loan market in 2009, to replace an existing $1.27 billion facility, but sector peers are also expected to refinance the short-term tranches in existing loans shortly, they added….. Full Article: Source


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