Doosan targets US as it digs for $1.3bn financing

Doosan forklift, South Korea
By Rashmi Kumar
30 Apr 2014

Doosan Infracore International (DII) and Doosan Holdings Europe (DHEL), part of South Korean conglomerate Doosan Group, are seeking a $1.3bn senior secured term loan from the US market.

Citi, Deutsche Bank, JP Morgan and Morgan Stanley are the bookrunners of the facility, according to a banker on the deal.

Besides the $1.3bn first lien portion, the companies are also looking for a separate $400m unsecured term loan, due in 2022, and a $100m senior secured revolver ...

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