Allocations out for Alibaba’s $3bn five year revolver
E-commerce firm Alibaba Group, which signed a $3bn revolving facility with four lenders on August 30, has allocated the financing following a limited syndication. The loan, which features looser covenants than Alibaba’s last fundraising, has set a precedent for future financings by the company, as well as for revolving credit facilities in Asia.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts