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ASIMCO $120m dividend recap loan divides bankers
A $120m dividend recap loan for diesel engine component maker ASIMCO Technologies has become a talking point among bankers because of uncertainty over whether the arranging bank for the loan will take a hold in the financing.
ASIMCO is in the market for a $120m dividend recapitalisation loan for sponsor Bain Capital (Asia). The deal, which is split into a $72m term loan ‘A’ and a $48m term loan ‘B’, is being arranged by UBS and is offering juicy margins to Asian lenders.
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