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BORROWING BASE FACILITY
EUR200 million / 1-year committed
(EU - Metals Trader)
Lenders - syndicate of 9 banks
Debt Arranger - Cofarco SAS
March 2010
Cofarco advised a physical merchant on a borrowing base facility renewal.

Acting as an independent advisor, Cofarco provided financial counsel to a physical merchant on the renewal of a committed secured borrowing base facility. Syndication of the two-year facility was officially launched at end-March 2010.

 

Under the mandate granted in December 2009, Cofarco was responsible for:

 

  • Reviewing existing financing arrangements and the projected funding needs;
  • Identifying alternative funding sources and targeting suitable specialised lenders;
  • Advising on the terms and conditions of the facility renewal; and
  • Targeting potential new lenders ahead of the syndication’s official launch.