Lesso prepares to go early for $800m refi

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By Pan Yue
20 May 2019

China Lesso Group Holdings, a manufacturer of home building materials, is preparing to refinance two loans with 2020 maturities, inviting existing lenders to join the mandated lead arranger and bookrunner group.

It is aiming to raise $800m from a two tranche deal, which consists of a term loan and a revolving credit facility. Both portions have four year tenors with bullet repayment structures, according to a banker close to the situation.

Potential lenders can choose to commit in ...

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