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CVC-led consortium seeks HK$2bn for I.T take-private
A consortium led by CVC Capital Partners is seeking a HK$2bn ($257.9m) loan to support the take private of Hong Kong fashion retailer I.T.
BNP Paribas and Standard Chartered are the mandated lead arrangers and bookrunners for the borrowing, according to a banker who received the invitation.
The loan has a tenor of five years and amortises over 4.36 years. It offers a margin of 450bp over Hibor.
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