Financial and Banking News
Investcorp Signs $300Mn Loan
Investcorp signed a $300mn three-year loan on 8 May. The margin on thefacility was 7/8% over Libor, the same as the $330mn three-year loan which thebank raised last year. Underwriting fees give an all in yield of 1.25%. Theloan will be used to replace a $250mn facility raised in 1992. Bankers Trust andChemical Bank arranged the loan, which was raised to $300mn from $250mn at theunderwriting...