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

$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%.
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Comments (4)
  • bigbenorr
    , contributor
    Comments (777) | Send Message
     
    English anyone?
    20 Dec 2012, 02:37 PM Reply Like
  • slrunner
    , contributor
    Comments (2) | Send Message
     
    No loose. Deal falls apart good...loan approved good.
    20 Dec 2012, 04:06 PM Reply Like
  • johnoberg
    , contributor
    Comments (3) | Send Message
     
    sell FCX to the Mayans
    21 Dec 2012, 01:15 AM Reply Like
  • fallingknife
    , contributor
    Comments (30) | Send Message
     
    FCX CEO sells out shareholders to bail out the failed strategy of MMR .. shareholder lawsuits should be ramped up
    block that deal ..
    21 Dec 2012, 10:53 AM Reply Like
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