URC syndicating NZ$420m refinancing loan in senior

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By Pan Yue
28 Sep 2018

Philippine food and beverage producer and distributor Universal Robina Corp is gauging appetite among banks for a NZ$420m ($278m) loan to refinance an old borrowing used to back the acquisition of New Zealand’s Griffin’s Foods.

ANZ, Citi and Standard Chartered are the mandated lead arrangers and bookrunners. They are targeting URC’s relationship banks for the facility, which is open in senior syndication, said a banker close to the situation.

The bullet loan has a tenor of five years, and offers a margin ...

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