PSA ups loan for second time to $1.2bn
Singapore ports operator PSA International has increased its three year loan for the second time, boosting the size by a $100m to $1.2bn last week after Sumitomo Mitsubishi Banking Corp (SMBC) took a last minute ticket.
The borrower was originally looking for a $1bn best-efforts loan but increased it to $1.1bn in late January after receiving a warm response from the syndicated loan market.
The loan was finally signed on April 6 after SMBC committed $100m after syndication had closed. Bookrunners on the deal
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