Supply chain company TVS picks banks for $185m loan

By Pan Yue
09 Mar 2020

TVS Supply Chain Solutions, a subsidiary of Indian industrial conglomerate TVS Group, has mandated three banks for a $185m loan that will be syndicated to a small set of banks.

Axis Bank, DBS and Standard Chartered are the mandated lead arrangers and bookrunners, according to a banker close to the situation.

The deal is split into a $125m five year term loan, and a $60m two year revolving credit facility. The term loan will be used for refinancing, ...

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