April self-arranges $1bn dual trancher

Paper 230x150
By Pan Yue
09 Oct 2018

Asia Pacific Resources International Group, a pulp and paper producer also known as April, is self-arranging an up to $1bn offshore loan.

The facility has an initial size of $800m with a greenshoe option of $200m, according to bankers.

The deal is split into two tranches: a $600m five year term loan and a $600m seven year portion. The average life for the two tranches are 3.125 years and 4.125 ...

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