Formula One cross-border loan sees hefty oversubscription

April 12 (RLPC) - Formula One's recap loan is three times oversubscribed in the U.S. ahead of today's end-of-day commitment deadline in New York, buyside sources told Thomson Reuters LPC.

The loan, which is structured as an amend and extend transaction as well as a refinancing, is said to have seen successful syndication in both the US and Europe. Goldman Sachs and RBS lead the cross-border loan on a best efforts basis.

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