More come aboard AsiaInfo $330m leveraged buyout
Bank SinoPac, Taiwan Cooperative Bank, United Overseas Bank and at least two US-based lenders are considering joining AsiaInfo Linkage’s $330m leveraged buyout loan. The new participants are evaluating the company’s credit and will process their documents soon, according to a banker.
They join China Citic Bank International, DBS and Mizuho, which made verbal commitments at the end of June and are now working on their
The loan is split into a $250m five year tranche and an $80m six month bridge, both priced around 500bp over dollar Libor.
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