Tata launches $315m term loan ‘B’

Tata Chemicals North America has launched a $315m seven year US term loan ‘B’, pricing the facility at 300bp over dollar Libor.

  • By Rashmi Kumar
  • 30 Jul 2013

JP Morgan and Standard Chartered are bookrunners, helping the company raise funds to refinance some debt.

The deal has a 1% Libor floor.

Tata Chemicals, the American arm of Indian company Tata Group, last borrowed $375m in February 2012. The seven year loan saw commitments from Bank ...

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2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

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