Hitachi Construction Machinery Leasing (China) completed a Rmb2 billion three-year term loan last Friday (April 27) through sole bookrunner SMBC.
The deal, which is guaranteed by Hitachi Construction Machinery, saw China Construction Bank and Industrial & Commercial Bank of China join in as mandated lead arrangers while Agricultural Bank of China, Bank of Communications, Bank of Ningbo, China Everbright Bank, China Merchants Bank and Shanghai Pudong Development Bank come in as lenders.
Proceeds are working capital purposes.
CRE Finance (Hong Kong) signed a HK$2.4 billion and $355 million three-year loan last week through a consortium of eight mandated lead arrangers.
In the Hong Kong dollar tranche, the self-arranged financing saw Mizuho Corporate Bank, OCBC, Scotiabank and UOB commit HK$600 million each. In the US dollar portion, Bank of Tokyo-Mitsubishi UFJ and JPMorgan Chase Bank lent $100 million each, while Citi took $78 million. Rabobank ended up with $77 million.
China Resources Enterprise acts as the guarantor of the facility. Proceeds are for general corporate purposes.
Orix Corp and its five subsidiaries successfully obtained a $795 million one-year multi-currency revolver last Friday (April 27) through bookrunners and mandated lead arrangers BNP Paribas and Credit Agricole.
Syndication saw ANZ, ING, RHB, RBS and Westpac join in as mandated lead arrangers, while Bank of America Merrill Lynch, CIMB, Standard Chartered and Taishin International Bank came in as lead arrangers. 20 additional banks participated at lower tiers.
Proceeds are for general corporate purposes.
LG Display has obtained a W1 trillion term loan through sole bookrunner and mandated lead arranger Korea Development Bank.
The debt package is split into a W300 billion three-year portion, a W400 billion four-year tranche and a W300 billion five-year facility.
Final allocations saw the lead contribute W250 billion while participant Export-Import Bank of Korea lent W300 billion. Korea Finance Corp pledged W250 billion while National Agricultural Cooperative Federation committed W100 billion. Shinhan Bank and Hana Bank ended up with W50 billion each.
Proceeds are for capital expenditure purposes.
GST Global has secured a $70 million three-year term loan through sole bookrunner and mandated lead arranger Korea Development Bank.
The facility is split into a $30 million tranche and a $40 million portion.
Final allocations saw the lead pledge $30 million while participant SMBC lent $30 million. Kookmin Bank came in with $10 million.
Proceeds are to refinance an existing $50 million bilateral facility and for working capital purposes.
Hanwha Solarone Hong Kong has signed a $180 million three-year facility on a club basis through mandated leads Korea Development Bank, Korea Exchange Bank and Standard Chartered.
Final allocations saw Korea Development Bank pledge $120 million while Korea Exchange Bank and Standard Chartered lent $30 million each.
Proceeds are for working capital purposes.
Public Zone sealed a $49 million three-year revolver through sole bookrunner and mandated lead arranger First Commercial Bank.
The facility will be repaid in three quarterly installments after a two-year grace period.
Allocations saw the lead provide $25 million while co-arranger Mega International Commercial Bank brought in $10 million. Managers Bank of Taiwan and Taichung Commercial Bank committed $5 million each while Hua Nan Commercial Bank ended up with $4 million.
Proceeds are for working capital purposes.
Qing May Maritime has secured a $35 million seven-year term loan through sole bookrunner and mandated lead arranger First Commercial Bank.
The guaranteed facility offers a margin of 195bp over one to six month Libor and will be repaid in 26 quarterly installments after a nine-month grace period.
Allocations saw the lead take $25 million while manager Bank of Taiwan came in with $10 million.
Proceeds are for the construction of a bulk carrier.
Sen Yuan Construction has obtained a NT$2.4 billion loan through sole bookrunner and mandated lead arranger Taiwan Cooperative Bank.
The four-year term loan is split into a NT$975 million tranche and a NT$1.5 billion portion, which are priced at 166.8bp and 185.7bp over postal savings rate, respectively.
Final allocations saw the lead commit NT$966 million while participants Yuanta Commercial Bank and Agricultural Bank of Taiwan took NT$494 million and NT$297 million respectively. Bank of Panhsin and Taichung Commercial Bank provided NT$198 million each while Hua Nan Commercial Bank pledged NT$163 million. First Commercial Bank joined in with NT$109 million.
Proceeds are to support the purchase and construction of real estate.