Loan Week, February 7-13

A roundup of the latest syndicated loan market news.

China

Shanghai Lanxi Enterprise has completed a $65 million three-year term loan through joint mandated lead arrangers Bank of Taiwan, First Commercial Bank and Taiwan Business Bank on a club basis.

The loan size has been increased from $60 million to $65 million.

Final allocations saw First Commercial Bank contribute $25 million, while Bank of Taiwan and Taiwan Business Bank provided $20 million each.

Proceeds are to support the upgrading of Holiday Inn Shanghai West and a plaza.

Xuzhou XCMG Schwing Machinery has secured a $132 million-equivalent three-year term loan through sole bookrunner and mandated lead arranger Credit...

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