Suning.com eyes $500m for Carrefour China acquisition

supermarket 230-150x
By Pan Yue
10 Sep 2019

Chinese home appliance retailer Suning.com is seeking a $500m term loan to support its acquisition of French supermarket company Carrefour’s mainland China business. Although there are doubts about Carrefour’s future operations, bankers are still keen to maintain a relationship with the borrower.

Standard Chartered is the sole mandated lead arranger, bookrunner and underwriter of the acquisition financing facility, according to a banker who received the invitation.

The deal has a three year tenor and amortises over 2.75 years. The margin is set at 145bp over Libor. MLABs committing $75m and ...

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