China’s 7 Days signs $120m to go private

By Rev Hui
04 Jul 2013

The $120m loan backing the buyout of listed Chinese hotel chain 7 Days Group Holdings was signed on June 27, a day after shareholders voted in favour of the transaction.

Bank of East Asia, China Development & Industrial Bank, EnTie Commercial Bank and Yuanta Commercial Bank joined during syndication, and were each allocated between $5m and $8m, said a banker close to the deal. All four recieved the title of participant and an all-in of 415bp.

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