Self-coordinated deal
From ACT Wiki
Borrowing and lending - syndicated lending.
A syndicated borrowing facility organised by the borrower themselves, without using any intermediaries.
- $3.5bn deal was self-coordinated
- "DP World’s treasury team was able to negotiate favourable pricing, while oversubscription enabled the facility to be upsized from the originally envisaged $3bn to $3.5bn.
- The transaction was structured and self-coordinated by DP World’s treasury team, which invited select relationship banks to submit financing proposals for the term facilities, and negotiated individually with banks on pricing and tenor.
- The treasury team was able to improve on several of the documentation positions, and the deal has set a new benchmark for the company’s positions on documentation, setting a new standard for future facilities."
- ACT Deals of the Year Awards 2023: Loans above £750m winner.
See also
- Arrangement fee
- Arranger
- Benchmark
- Documentation
- Facility
- Intermediary
- Loan agreement
- Oversubscribed
- Relationship bank
- Syndicate
- Tenor
- Transaction
- Treasury
