MMI navigates many hurdles to push refi past finish line

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By Pan Yue
25 Oct 2018

The response to a refinancing loan for KKR-owned MMI International, a hard disk drive developer, has disappointed amid concerns around a Chinese consortium’s planned acquisition of the Singapore-based firm. What lies ahead for the borrower? Pan Yue finds out.

MMI launched the $205m four year transaction into general syndication in August, in a bid to repay an old borrowing sealed in 2015. But after almost three months in the market, the five lead banks — Bank SinoPac, CTBC Bank, E.Sun Commercial Bank, Standard Chartered and United Overseas ...

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