HCP packages $380 million loan for US investors

Shanghai-based HCP has launched syndication for its $380 million loan package, targeting US institutional 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 and Citi are mandated lead arrangers for HCP's loan. Citi is the lead left.

The institutional US investor market offers far greater flexibility for borrowers as well as longer tenors compared...

¬ 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 subscription (2-5 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 subscription (2-5 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