BEST INTERNATIONAL SYNDICATED LOAN: Size matters for GEC

Deals of the Year

Deals of the Year

Issuer: General Electric Company (GEC)
Date: March 1998
Amount: €6 billion ($7 billion)
Bookrunners: Barclays, Warburg Dillon Read


If GEC’s €6 billion ($7 billion) syndicated loan in March was designed to catch the headlines it certainly succeeded. Not only was this the biggest ever loan for a corporate denominated in euros or Ecus, it was also the biggest ever syndicated loan in the single European currency.

The British defence contractor signed a revolving credit facility consisting of a five-year tranche for €4.5

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