iSoftStone connects for $130m going private loan

By Rashmi Kumar
24 Apr 2014

Chinese information technology services provider iSoftStone Holdings has joined other names looking to de-list from the US, announcing it is going private and funding the buyout using equity and a $130m loan.

China Merchants Bank is the mandated lead arranger of the loan and has committed to provide an underwritten facility.  

iSoftStone announced on April 18 that it was being acquired by its parent New iSoftStone Holdings, which is paying $0.57 per ordinary share, or $5.7 per ADS. Each ...

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