HCP packages $380 million loan for US investors

Shanghai-based HCP has launched syndication for its $380 million loan package, targeting US institutional investors.

HCP packages $380 million loan for US investors

Chinese packaging company HCP, which was acquired by private equity firm TPG in 2012, is tapping US institutional investors with a $380 million covenant lite loan financing.

The Shanghai-based company is the latest to try the US market, following another packing company Goodpack, which is courting investors in the US and Asia for its $720 million term loan to fund KKR’s leveraged buyout.

Bank of America Merrill Lynch, BNP Paribas...

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