Gulf Energy looks wide for $5.3bn acquisition financing

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By Pan Yue
26 Apr 2021

Thailand’s Gulf Energy Development Public Co is in talks with a large group of banks for a bridge loan of about Bt170bn ($5.3bn) to support its acquisition of Intouch Holdings. Pan Yue reports.

The power producer is holding discussions with both domestic and international lenders for the financing, it said in an emailed response to GlobalCapital Asia. The jumbo loan will have a tenor between one and 1.5 years, but Gulf Energy is also considering a longer-term loan and bond issuance ...

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