Yue Xiu eyes $900m take out of last year’s bridge

Hong Kong’s Yue Xiu Enterprises is seeking a $900m dual-tranche loan, appointing DBS as the co-ordinator, as it looks to take out the $1bn acquisition-related bridge signed last year.

  • By Rashmi Kumar
  • 17 Jan 2014

The loan is a self-arranged club, and is split between a 1.6 year and a three year portion. They have respective all-ins of 240bp and 280bp over Libor, according to a banker.

Around five or six banks have been invited directly by the borrower to make commitments ...

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