RLPC-Schaeffler launches jumbo loan for Continental buy - banks


LONDON, July 31 (Reuters) - German ball bearing maker Schaeffler has launched the multibillion syndicated loan backing its hostile bid for Continental AG to a wider syndication, its lead banks said on Thursday. The size of the loan has not been disclosed, but the facility has been launched to Schaeffler's key relationship banks and a group of international banks. A bank meeting will be held next week. Schaeffler's fully underwritten loan joins a crowded loan market that was already ...

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