Dividend recaps return as Tricor eyes $700m loan

By Pan Yue
25 Mar 2021

Tricor Holdings, owned by investment firm Permira, has brought a rare dividend recapitalisation deal to Asia’s loan market. Pan Yue reports.

Hong Kong-based corporate services provider Tricor is inviting existing lenders to join a HK$5.5bn ($708m)-equivalent dual-currency loan. The deal is split into four tranches. Facility ‘A1’ is a HK$3.95bn loan and ‘A2’ is a S$155m ($115m) portion. There is also a HK$500m tranche for acquisition and capital expenditure, ...

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