Chang Chun Chemical Jiangsu has signed a $175 million five-year term loan through joint bookrunners Bank of Taiwan and Mizuho Bank.
Chang Chun Petrochemical and Chang Chun Plastics guaranteed the fundraising.
Final allocations saw Bank of Taiwan and Mizuho Bank hold $60 million and $40 million each while mandated lead arranger Chang Hwa Commercial Bank came in with $30 million. Land Bank of Taiwan, Mega International Commercial Bank and Export-Import Bank of the Republic of China participated with $20 million, $20 million and $5 million respectively.
Proceeds are to fund the company's expansion in China and for working capital purposes....