South African paper maker Mondi signs new EUR 750mn revolving credit facility.

By bne IntelliNews April 18, 2011
South African paper maker Mondi said it has signed a new EUR 750mn credit facility to refinance its existing EUR 1.55bn credit facility that was due to mature in June 2012. The 5-year revolving multi-currency facility was self-arranged with a club of 10 relationship banks, the company said in a statement. The mandated lead arrangers are Barclays Capital, BNP Paribas, Citi, Commerzbank AG, Deutsche Bank AG, Erste Group Bank AG, Societe Generale Corporate & Investment Banking, Raiffeisen Bank International AG, The Royal Bank of Scotland and UniCredit. This completes the refinancing of the company's EUR 1.55bn facility that was partially refinanced via Mondi's inaugural EUR 500mn 7 year Eurobond in March 2010. Mondi has production operations across 31 countries and posted revenues of EUR 6.2bn in 2010. The group's key operations are located in central Europe, Russia and South Africa and as at the end of 2010, Mondi employed 29,000 people.
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