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.
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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