Indonesia
Atlas Resources has obtained a $50 million five-year term loan on a club basis through mandated lead arrangers Bank DBS Indonesia and Bank Permata.
Allocations saw Bank DBS Indonesia take $30 million while Bank Permata lent $20 million.
Proceeds are for capital expenditure purposes.
India
Century Textiles & Industries has completed a Rs3.9 billion seven-year, six-month term loan through sole bookrunner and mandated lead arranger SBI Capital Markets.
Final allocations saw Dena Bank and Syndicate Bank commit Rs1.4 billion each while State Bank of Travancore ended up with Rs1.2 billion.
Proceeds are for project financing purposes.
IndusInd Bank has secured a $77.5 million-equivalent one year club financing through mandated lead arrangers Commerzbank, HSBC and Wells Fargo.
Final allocations saw HSBC and Wells Fargo commit $25 million each while Commerzbank lent €20 million.
Proceeds are for general corporate purposes.
Sobha Developers has signed a Rs4.7 billion six-year term loan through sole bookrunner and mandated lead arranger Standard Chartered Bank.
Final allocations saw the sole lead take Rs2.7 billion while participant Syndicate Bank joined in with Rs2 billion.
Proceeds are for property development purposes.
Trident has signed a Rs13.5 billion 10-year term loan through sole bookrunner and mandated lead arranger SBI Capital Markets.
The facility is priced at an effective rate of 12.25% and will be repaid in 32 quarterly installments.
Syndication saw Allahabad Bank, Bank of India, Corporation Bank, Dena Bank, Indian Bank, Oriental Bank of Commerce, Punjab National Bank, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and Syndicate Bank come in as participants.
Proceeds are for the development of a terry towel and bed sheet manufacturing plant.
Japan
General syndication for Skylark’s ¥157.5 billion seven-year financing has been launched through bookrunners Bank of Tokyo-Mitsubishi UFJ and Mizuho Corporate Bank.
The facility is split into ¥60 billion and ¥90 billion term loan tranches and a ¥7.5 billion revolver.
Syndication saw Bank of America Merrill Lynch, BNP Paribas (Tokyo), Development Bank of Japan, Nomura Capital Investment, Shinsei Bank, SMBC and Sumitomo Trust & Banking join in as mandated lead arrangers.
Proceeds are to support the leveraged buyout of Skylark by Bain Capital Partners. Closing is slated for end of November.
Malaysia
IOI Management has concluded a $300 million five-year term loan through mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ and SMBC.
Guaranteed by IOI Corp, the deal saw both banks contribute equally to the financing.
Proceeds are for general corporate purposes.
Taiwan
Houlong Wind Farm secured a €79 million credit facility last week through mandated lead arrangers KfW IPEX-Bank and Helaba Landesbank.
Final allocations saw KfW IPEX-Bank take €41 million while Helaba Lanesbank gave €38 million.
Proceeds are for project financing purposes.
Zig Sheng Industrial’s NT$3 billion three-year credit facility is expected to sign on November 8 through sole bookrunner First Commercial Bank. The facility was oversubscribed and upsized from NT$2.5 billion.
The debt package comprises a secured NT$1.8 billion term loan and a NT$1.2 billion revolver. The deal is priced at 60bp and 63bp over 90-days secondary CP rate respectively.
Allocations saw the sole bookrunner First Commercial Bank take NT$720 million while mandated leads Mega International Commercial Bank lent NT$600 million. Bank of Taiwan, Chang Hwa Commercial Bank, Hua Nan Commercial Bank and Taiwan Cooperative Bank committed NT$300 million each while managers Chinatrust Commercial Bank, Shanghai Commercial & Savings Bank, Taishin International Bank and Taiwan Business Bank ended up with NT$120 million each.
Proceeds are for working capital purposes.
