Lite-On Mobile rings up banks for $200m

Lite-On Mobile, owned by Taiwan’s Lite-On Technology Group, has hit the market for a $200m five year term loan, pricing the deal at 110bp over dollar Libor. Returning to lenders nearly three years since its previous deal, the borrower is now shelling out close to double of what it last paid.

  • By Rashmi Kumar
  • 20 Jan 2014

Citi is co-ordinating the transaction and is the mandated lead arranger and bookrunner, according to a banker.

The company is offering four participation levels in syndication. MLAs committing $20m or more earn an all-in of 114bp, lead managers committing $15m-$20m earn 113bp as an all-in, while managers ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 7,171 21 10.89
2 Bank of America Merrill Lynch (BAML) 6,703 19 10.18
3 JP Morgan 4,776 10 7.26
4 Credit Suisse 4,718 9 7.17
5 Deutsche Bank 4,262 13 6.47

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Rank Lead Manager Amount $m No of issues Share %
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1 Wells Fargo Securities 68,611.22 170 11.38%
2 Bank of America Merrill Lynch 59,056.08 169 9.80%
3 JPMorgan 56,861.85 163 9.43%
4 Citi 56,521.05 165 9.38%
5 Credit Suisse 44,888.95 123 7.45%