Ye Chiu breaks four year loan hiatus for $150m

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By Pan Yue
06 Aug 2020

Recycling aluminium manufacturer Ye Chiu Group has returned to the loan market after a four year absence for a $150m deal to meet its refinancing needs.

Bank SinoPac and CTBC Bank are the mandated lead arrangers and bookrunners, according to a banker close to the situation.

The revolving credit facility has a tenor of three years, and carries an extension option of two years. The margin is set at 235bp over Libor.

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