Summit Oto scores early commitment to IFC loan
Summit Oto Finance, the Indonesian motorcycle finance provider, has attracted an early commitment to a $55m loan supported by the supranational lender International Finance Corp, increasing the chance its $45m greenshoe will be exercised.
Banks have until November 29 to commit but Summit Oto has already received a commitment from a European bank as a lead arranger. IFC and RBS are running the deal, and between 15 and 20 further banks are seeking credit approval to join the syndicate.
“If all these banks
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.