Haier loan could skip overseas syndication for China market

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By Shruti Chaturvedi
21 Jan 2016

China’s Haier Group is expected to use bank loans to fund up to $3.3bn of its forthcoming $5.4bn acquisition of US-based GE Appliances. Bankers have predicted an onshore China takeout, but the fundraising structure has not yet been disclosed, reports Shruti Chaturvedi.

Haier has chosen Bank of America Merrill Lynch, China Construction Bank and China Development Bank to commit the funds needed for its purchase of GE Appliances, announced on January 15. The company did not disclose the size of the loan package but a source familiar with the situation ...

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