Close Brothers has raised a total of £445 million in two transactions for Close Brothers Group (“CBG”) and Close Brothers Limited (“CBL”), its banking subsidiary. Each loan was launched at £150 million and was oversubscribed after strong support from relationship banks and the market. The total of £445 million raised between these two facilities is a record from the debt markets for Close. The final facility amount taken by CBG was £195 million for five years. CBL took £250 million for four years. The loans are for refinancing and general corporate purposes.
Bayern LB, Danske Bank (Agent) and Société Générale Corporate & Investment Banking acted as Mandated Lead Arrangers and Bookrunners in both transactions. In total, 19 international banks participated in the facilities.
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