Florens Container upsizes loan to $90 million

Florens Container Inc, the wholly-owned subsidiary of Hong Kong-listed Cosco Pacific, has upsized its five-and-a-half-year loan for $74 million, tapping fully the over-subscription amount of $90 million. ING Bank and Rabobank are the mandated coordinating arrangers for the facility, which will be signed on July 12. The facility comprises of two tranches: tranche A for $44 million and tranche B for $46 million.