Louis Dreyfus launches Asian RCF

摘要

The Asian unit of Netherlands-headquartered Louis Dreyfus has launched a US$450m sustainability-linked revolving credit facility into general syndication, offering richer pricing than its previous loans and a Covid-19 premium. ANZ, Credit Agricole, DBS Bank, Societe Generate, and Standard Chartered are the mandated lead arrangers and bookrunners of the three-year borrowing for LOWS DREYFUS CO ASIA, which has an accordion option. Louis Dreyfus is the guarantor of the facility, which pays an interest margin of 90bp over Libor and a Covid-19 premium of 10bp. The deal also has a utilisation fee of 10bp for drawing less than 33%, 20bp for drawing between 33% and 66%, and 40bp for a drawdown of 66% or more.