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
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