Tenor cut and fees increased on $245m Amtek buy-out loan

The terms on the $245m leveraged loan that refinances the buy-out of Singaporean metal stamping and tooling company Amtek Engineering have been sweetened, EuroWeek can reveal.

  • 19 Aug 2008

Sole bookrunner Standard Chartered has re-launched the deal, cutting the tenor on the loan from seven years to five and increasing participation fees by up to 30bp. The move comes after the loan has been in syndication for four months, but has yet to receive a single commitment.

It ...

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