LG Electronics deal launched into general syndication

Pricing on the current deal is cheaper than a $200 million three-year loan-style FRN earlier this year.

After raising $200 million in May, the electronics giant is back in the loan markets again. Mandated arrangers CitiSSB, Kookmin Bank and Shinhan Bank launched a $200 million dual-tranche loan-style FRN into general syndication last week.

Split equally, the current transaction pays a spread of 50bp over Libor for the two-year tranche and 60bp over Libor for the three-year tranche. The deal has no guarantor and was launched directly into general syndication, which is slated for close on...

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