Focus Media signs, allocates $1.525bn deal to fund buyout

02 Apr 2013

The $1.525bn leveraged buyout loan for Focus Media has been signed and allocated, after the bookrunners of the deal received enough commitments in senior syndication to close the loan and avoid going into general altogether.

Nine banks joined at the senior level, on top of the nine bookrunners and mandated lead arrangers that ran the deal, according to a banker close to the loan.

Among the MLABs, China Development Bank, China Minsheng Banking Corp and Industrial and Commercial Bank of China took the ...

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