Japanese banks dominate as Kao replaces LBO loan

06 Apr 2006

Kao Corp, the Japanese beauty products and chemicals company, has signed a ¥220bn ($1.87bn) syndicated loan to partly refinance its acquisition of Kanebo Cosmetics from Japan's Industrial Revitalization Corp.

Goldman Sachs, Mizuho Corporate Bank and Sumitomo Mitsui Banking Corp (bookrunner) arranged the five year loan, which was signed last week in Tokyo. It will take out part of the bridge financing. Few details are available and pricing has not been disclosed, but the loan is understood to ...

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