MMI launches $205m refi into general

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By Pan Yue
13 Aug 2018

Singaporean hard-drive manufacturer MMI International is seeking a $205m loan, mainly to refinance an old borrowing sealed in 2015.

Bank SinoPac, CTBC Bank, E.Sun Commercial Bank, Standard Chartered and United Overseas Bank are the mandated lead arrangers and bookrunners, according to multiple sources.

The four year term loan amortises over 2.5 years, and pays a margin of 350bp over Libor. Two ticket levels are up for ...

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