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Facility refinances loans signed in 2022 and 2023 with multiple institutions providing the financing
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General syndication for a $12.7bn loan to back China National Chemical Corp’s acquisition of Swiss biotech firm Syngenta is set to wrap up.
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The loan market takes some well-earned respite, with some members more adventurous than others.
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Singapore-based auto leasing company Ethoz Group is gauging appetite for a syndicated loan of up to S$120m ($89m).
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OCI Nitrogen, the subsidiary of fertiliser giant OCI, has signed a €550m credit agreement with 17 banks, 10 of which are new lenders.
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Four banks have launched a $250m syndicated loan for Taiwanese notebook casings maker Ju Teng International.
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Oil India is understood to have zeroed in on three banks to arrange new debt, following a request for proposals for a $650m loan with a $200m greenshoe option.