Loan Week, October 4-10

A roundup of the latest syndicated loan market news.

Hong Kong

Shangri-La Asia Treasury has completed a $65 million five-year term loan through sole bookrunner and mandated lead arranger Mizuho.

The facility is guaranteed by Shangri-La Asia.

Syndication saw First Commercial Bank join in as participant.

Proceeds are to refinance existing indebtedness.

Sinopec Century Bright Capital Investment has obtained a $320 million five-year term loan via sole bookrunner SMBC.

Syndication saw Mega International Commercial Bank come in as participant.

Proceeds are for working capital purposes.

India

HT Global IT Solutions Holdings has secured a $215 million term loan through mandated lead arrangers Credit Agricole, Deutsche Bank, Investec Bank and Standard Chartered.

Final allocations saw the banks provide $54 million apiece.

Proceeds are for future acquisitions.

Indonesia

Trans Media Corpora has completed a $150 million three-year term loan on a club basis through mandated lead arrangers ANZ, Bank of America Merrill Lynch, BNP, Credit Suisse, Deutsche Bank, Goldman Sachs, ING and RBS.

Proceeds are to refinance existing indebtedness.

Singapore

AIMS AMP Capital Industrial Real Estate Investment Trust has inked a S$120 million three-year revolver on a club basis through mandated leads Commonwealth Bank of Australia, ING, Maybank, Standard Chartered and United Overseas Bank.

Proceeds are to refinance existing indebtedness.

Mercuria Energy Trading has secured an $800 million revolver on a club basis through mandated lead arrangers ANZ, Bank of Tokyo-Mitsubishi UFJ, BNP, DBS, Emirates NBD PJSC, First Gulf Bank, HSBC, ING, ICBC, RBS, Rabobank, Societe Generale, Standard Chartered and SMBC.

The facility is split into a $400 million one-year tranche and a $400 million three-year portion.

Proceeds are for refinancing and working capital purposes.

Taiwan

Golden Century Paper has closed a NT$1.6 billion five-year through joint bookrunners Mega International Commercial Bank, Taishin International Bank and Taiwan Business Bank.

The deal is guaranteed by Jo Global Investment.

Syndication saw Agricultural Bank of Taiwan, Second Credit Cooperative of Keelung, Ta Chong Bank and Yuanta Commercial Bank come in at lower tiers.

Proceeds are for capital expenditure purposes.

Jiun Tai Development & Construction has concluded a NT$3.5 billion three-and-a-half-year term loan through sole bookrunner and mandated lead arranger Taishin International Bank.

The facility is split into a NT$1.7 billion tranche and a NT$1.8 billion portion.

Final allocations saw the leads and mandated lead arranger CTBC Bank contribute NT$836 million apiece. Participant Taiwan Cooperative Bank took NT$697 million while Mega International Commercial Bank pledged NT$418 million. Bank SinoPac and Hua Nan Commercial Bank rounded up the group with NT$349 million each.

Proceeds are to repay existing indebtedness, to back a residential project and for capital expenditure purposes.

Kuo Yang Environment Technology has secured a NT$1.9 billion seven-year loan package through joint bookrunners and mandated lead arrangers First Commercial Bank, Mega International Commercial Bank, Taipei Fubon Commercial Bank and Taiwan Cooperative Bank.

The deal comprises a NT$150 million guarantee facility, a NT$1 billion term loan and a NT$750 million portion, and has a five-year extension option.

Syndication saw Agricultural Bank of Taiwan, Bank of Panhsin and Taiwan Shin Kong Commercial Bank join in at lower tiers.

Proceeds are to support a BOT sewage treatment project in Miaoli County, Taiwan.

SunDa Development has raised a NT$6 billion five-year term loan through joint bookrunners Mega International Commercial Bank and Union Bank of Taiwan.

The financing consists of a NT$2.9 billion tranche and a NT$3.1 billion portion.

Final allocations saw bookrunner Union Bank of Taiwan hold NT$2.0 billion while Mega International Commercial Bank provided NT$1.5 billion. Participant Taiwan Cooperative Bank came in with NT$1.2 billion, while Taishin International Bank lent NT$600 million. Agricultural Bank of Taiwan and Taiwan Shin Kong Commercial Bank ended with NT$360 million each.

Proceeds are for property and construction financing purposes.

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