San Miguel eyes $1.1bn loan for acquisition

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By Pan Yue
18 Apr 2018

Philippine conglomerate San Miguel Corp and its power unit SMC Global Power are jointly seeking a $1.1bn loan to finance a $1.9bn acquisition of a power plant in the country.

Mizuho, Standard Chartered and Sumitomo Mitsui Banking Corp are the mandated lead arrangers and bookrunners for the offshore loan. The deal was launched into senior syndication last week, said bankers close to the situation.

The facility is split into three tranches, including a $400m five year tranche ...

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