Two-phase syndication for Greenfields acquisition loan underway

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By Pan Yue
18 Jan 2021

The senior syndication stage for a $140m-equivalent loan to support TPG and Northstar Group’s acquisition of a majority stake in Japfa’s southeast Asian dairy business is set to close by the end of this week.

CIMB is the sole mandated lead arranger and bookrunner for the transaction. It is running a two-pronged syndication for the loan. The deadline for the first phase, a limited syndication, falls on January 22.

At this stage, only a small group of relationship banks has been invited ...

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