CP All studies proposals from banks to pare debt

Thai retailer CP All has refinanced its $5.8 billion bridge loan and is mulling ways to pare its debt, including a refloat of Siam Makro shares.

Thai retailer CP All’s 7-11 convenience stores are a ubiquitous sight in Thailand, particularly in the capital city of Bangkok, where it is hard to walk a few blocks without stumbling upon one. But it was the retailer’s audacious $6.6 billion acquisition of cash and carry discount retailer Siam Makro last year that put the company on the map for MA bankers.

Amid low rates and strong liquidity in baht bond markets, CP All, controlled by Thailand's richest man Dhanin Chearavanont, in April completed refinancing a $5.8 billion bridge loan taken to fund its acquisition of Siam Makro.

Still, its debt levels are lofty. CP All's...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222