JEFFERSON Smurfit has increased the size of its syndicated loan from three billion French francs (£375 million) to Ffr4 billion (£500 million) after the loan package was oversubscribed. Up to 40 banks have participated in the seven-year loan, which carries a floating rate of 0.225 of a percentage point over London interbank offer rates for the first five years and 0.275 of a percentage point for the final two years.
Smurfit loan now £500m
JEFFERSON Smurfit has increased the size of its syndicated loan from three billion French francs (£375 million) to Ffr4 billion…
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