JSW Steel seeks $140m to back Acero Junction acquisition

metal and steel 230x150
By Pan Yue
07 Sep 2018

India’s JSW Steel has launched a $140m dual-tranche loan into general syndication, with the funds to go towards its acquisition of US-based steel plant Acero Junction Holdings.

Axis Bank is the sole mandated lead arranger and bookrunner for the transaction, which was opened for commitments last week, according to a source close to the situation.

The deal is split into a $125m five year term loan and a $15m two year revolving credit facility. It ...

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