Globe firms up ECA backed loan

Company officials say that pricing will be difficult to compare with Globe's most recent deal last September when US$280 million was raised from a six-and-a-half year. This included a $145 million Finnvera tranche, a $38 million Efic tranche, a $41 million EKN tranche and a $15 million Nordic Investment Bank tranche. The Finnvera tranche paid 75bp over Libor, while the EKN tranche paid 55bp over Libor.