Stats ChipPac signs up eight for smaller $315m loan

By Shruti Chaturvedi
13 Apr 2016

A $315m five year loan for Stats ChipPac has been signed after being in syndication for six months. Eight banks eventually formed the lending group.

The loan was launched at a size of $500m, with proceeds to go towards refinancing debt, which included bonds and a bridge loan provided by DBS for Jiangsu Changjiang Electronics Technology’s (JCET) acquisition of Stats ChipPac last year.

But the borrowing has wound up at a reduced ...

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