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Xiaomi gets strong signal, 16 join $1bn loan
The names have emerged of the 16 lenders that have signed up to the $1bn dual tranche loan from mobile phone company Xiaomi ahead of its launch into general syndication next week. Including the three original bookrunners and mandated lead arrangers, the total number of banks at the top level could swell to 20 as one more lender processes its approval.
The loan, which is split into a $500m three year bullet and a $500m three year revolver, had Deutsche Bank, JP Morgan and Morgan Stanley as original MLABs. It pays a margin of 232.5bp and was opened into senior in July, offering
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