GCL New Energy set for new $150m loan

Solar panel green 230x150
By Pan Yue
19 Mar 2018

GCL New Energy is opting to use a club route for a $150m loan, mandating Credit Suisse as the sole mandated lead arranger and bookrunner, according to sources.

The three year deal offers participants a relatively high margin of 500bp over three month Libor. It amortises for an average life of 2.5 years, said the sources. ...

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