Stats ChipPac signs up eight for smaller $315m loan

E_Semiconductor_230px
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 ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial