WOOLWICH PLC is making its first entry into the syndicated loans market following its de-mutualisation earlier this year in a transaction that bankers involved in the deal describe as "refreshing, given that it represents a borrower raising new capital rather than refinancing old debt." WestLB and Crédit Lyonnais have been mandated to arrange the Ffr2bn revolving credit, the proceeds of which are earmarked for supporting the growth of Woolwich's European operations via Banque Woolwich and Banca Woolwich.
November 14, 1997