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Leveraged Loans

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  • Chinese acoustic components maker GoerTek is making a comeback to the loan market after a two-year break, seeking $300m for refinancing.
  • China’s JA Solar Holdings, which was taken private last year, has returned to the offshore loan market, inviting banks to join a $100m facility.
  • Myanmar has made a raft of regulatory changes to attract foreign investment, removing ownership limits and cutting red tape. But senior figures in the country admit that poor infrastructure is a major problem — and the solution requires private capital. Morgan Davis reports.
  • Deutsche Bank has announced a round of senior appointments in its primary debt businesses, naming Hoby Buvat head of EMEA leveraged finance origination and Mark Lewellen head of EMEA debt capital markets origination.
  • Furniture maker Samson Holding has closed a $120m club loan with three banks to support the construction of a new factory in Vietnam
  • Chinese home appliance retailer Suning.com is seeking a $500m term loan to support its acquisition of French supermarket company Carrefour’s mainland China business. Although there are doubts about Carrefour’s future operations, bankers are still keen to maintain a relationship with the borrower.