A $12.5B loan package slated to back Freeport McMoRan's (FCX -0.4%) recent big acquisitions...

|By:, SA News Editor

$12.5B loan package slated to back Freeport McMoRan's (FCX -0.4%) recent big acquisitions reportedly is facing significant pushback, as banks invited to participate at the top tier level of syndication are finding the share of the bridge loan FCX and its lead banks are offering them too small. The second tier's hold level of the bridge is said to be ~5% vs. the top tier's 22%.