January 14, 2021
Calmer Seas: Revolvers Recover, Return to Pre-Covid Pricing, Tenor
Upfront fees are higher, but treasurers renewing facilities see reason for optimism; U.S. Bank is also positive.Multiyear tenors for revolving credit facilities are now available to investment-grade (IG) corporate borrowers, according to several NeuGroup members who have been talking to their bankers recently. This week, one treasurer said, “Things have normalized a fair amount for solid credits,” citing a large bank. This member, who was in the process of renewing his company’s revolver last year when Covid hit, is now…