Straits Asia offers warrants in return for $300m loan

20 Nov 2008

Straits Asia Resources will issue equity warrants to Standard Chartered, the underwriter of the $300m loan it is taking out (EuroWeek Asia 1080, front page).

Though a common feature in the high yield private placement and pre-IPO debt market, warrants are an unusual addition to a syndicated loan.

The fully committed 18 month loan comprises a $250m term loan and a $50m working capital facility. Straits Asia will repay $125m of the facility ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Oops, something went wrong

We're sorry but at the moment we can't load this data