AsiaInfo fires up $330m dual tranche LBO
AsiaInfo-Linkage’s $330m leveraged buyout loan has launched, with two ticket levels up for grabs. Lead arrangers committing $20m will get 50bp fees and arrangers committing $10m will earn 30bp, according to a banker working on the deal.
The loan is split into two: a $250 five year tranche and an $80m six month bridge. Both are priced around 500bp over dollar Libor, but only the bigger tranche is open in syndication, say bankers.
The bridge is covered fully by bookrunners and mandated lead arrangers Bank
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