Tata AutoComp returns for acquisition loan refi

By Pan Yue
04 Sep 2019

Tata AutoComp Systems, an Indian company that provides automotive components, has returned to the loan market for a dual-currency deal to refinance its acquisition borrowing from 2017.

CTBC Bank, State Bank of India and Standard Chartered are the mandated lead arrangers (MLAs) and bookrunners for the new $125m-equivalent facility, according to a banker who received the invitation.

The deal is split into two tranches. Facility ‘A’ consists of a €57.5m ($63m) portion and a ...

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