Johnson Electric Holdings is to sign its five year loan today (Friday) in Hong Kong with a total of 11 lenders. The $530m deal replaces a Sfr700m ($553m) bridge facility that was signed in August 2005 and provided funds for the acquisition of a Swiss electrical manufacturer. Citigroup and HSBC, which held the original mandate, were joined as coordinating arrangers by five other institutions. Bank of Tokyo-Mitsubishi UFJ committed $80m, as did Citi and HSBC. Mizuho Corporate Bank took $70m, while Bank of China and BNP Paribas took $55m and DBS Bank $40m.
March 31, 2006