Haitai's pricing looks sweet

Korea''s biggest confectionery company has priced a syndicated loan to sell.

Given it is the first LBO financing of the year in Asia, Haitai Foods has been a long-awaited deal both in yield terms and in rarity value.

Haitai, which has 20% of the Korean confectionery market, was recently auctioned to a consortium that includes CVC, JPMorgan Capital Partners and UBS Capital.

JPMorgan was mandated to raise the acquisition debt finance for the deal and has come up with a W345 billion senior secured facility which is...

To continue reading, please login or register for free

Click for more on: haitais | pricing | looks | sweet

Print Edition

FinanceAsia Print Edition