Stats ChipPac inches closer to $500m syndicated loan

Rev Hui

July 09, 2015 03:15 pm

Circuitboard 230x150 — Close up computer chip on circuit | A.Singkham /singkham - Fotolia

Singaporean chipmaker Stats ChipPac has moved one step closer to restructuring its debt as it prepares for a takeover by Jiangsu Changjiang Electronics Technology (JCET). And a $500m syndicated loan arranged by Barclays, DBS and ING is on the cards as part of the acquisition.

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Rev Hui