RLPC-Russian car maker GAZ seeks $150 mln syndicated loan

Newswire

LONDON, March 28 (Reuters) - Russian auto maker GAZ has launched syndication of a $150 million, three-year term loan via bookrunners Barclays Capital, Commerzbank and Natixis, the lenders announced. The deal, which pays an initial margin of 250 basis points (bps) over LIBOR, will be used to refinance existing debt and for general corporate purposes. The facility benefits from guarantees from the major operating subsidiaries. In syndication, banks are invited to commit $20 million to ...

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