Novelis $1.8bn Asia refi of TLB hits market

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By Shruti Chaturvedi
05 Jan 2017

Invitations are out for a $1.8bn Asian loan that will refinance a US term loan B for Novelis. The launch comes about a month after the firm mandated 10 lenders to arrange the borrowing.

ANZ, Axis Bank, Barclays, Bank of Baroda, Citi, ICICI, ING, Kotak Mahindra Bank, Standard Chartered and State Bank of India are leading the transaction, as GlobalCapital Asia reported on December 13. The group has fully underwritten the five year deal, which is open to new lenders at three ...

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