Maxxis International (Thailand) is close to mandating an arranger group for a $60m seven year facility. Parent company Cheng Shin Rubber Industry is providing a guarantee.
The Thai-based subsidiary of the rubber manufacturer last tapped the market in September 2003 with an $80m loan. ABN Amro Bank (Taipei) and Sumitomo Mitsui Banking Corp led the five year facility that was oversubscribed and increased from $60m. Top level arrangers received an all-in of 52bp over Libor.
Mandated arranger ABN Amro has launched the $250m five year term loan for Thai Oil into general syndication. DBS Bank has joined as a mandated lead arranger in sub-underwriting.
The deal offers a margin of 36bp over Libor.
Proceeds will be used to refinance existing debt and responses are due by the end of the month.
