Belle returns for A&E and dividend recap

Shoes
By Pan Yue
30 May 2018

Chinese footwear brand Belle International is returning to the offshore loan market to amend and extend a borrowing signed last year, as well as to raise funds for dividend recapitalisation.

Bank of America Merrill Lynch and HSBC are the mandated lead arrangers and bookrunners. The new HK$30bn ($3.8bn) loan consists of two parts — a HK$16.5bn amendment and extension of a transaction sealed last year, as well as a HK$13.5bn new borrowing tranche for dividend recap, said a ...

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