Self-coordinated deal

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

Other resource

• ACT Deals of the Year Awards 2023: Loans above £750m winner - DP World