Amtek’s $125m loan nearing end, nets four commitments

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Amtek’s $125m loan nearing end, nets four commitments

Axis Bank and IDBI Bank plan to wrap up the syndication of Amtek Auto’s $125m six year loan by the end of the month, and have so far received commitments from four lenders. The leads think the deal will be oversubscribed, but just Axis will be selling down its books.

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