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Chinese banks help serve up $630m LBO loan for Carlyle
Two Chinese banks and one Taiwanese lender have banded together to supply a $630m leveraged buyout financing to support Carlyle’s acquisition of VXI Global Solutions.
Bank of China, China Merchants Bank and CTBC Bank have underwritten the $630m financing equally, said two sources. The tenor of the facility is five years and it is split into a $600m amortising loan and a $30m revolver.
All-in pricing is between 400bp and 500bp, said one ...Already a subscriber? Login
