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.
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 ...