Samsung Hong Kong Limited has mandated Deutsche Bank, Fleet Boston Financial, KDB Asia and West LB as lead arrangers of a $100 million transferable term loan facility.
The three-year loan facility is redeemable at the lender's election after the second year, otherwise, the coupon will step up for the third year. Parent Samsung Corporation, Korea, will guarantee the facility.
The deal has been set at 160bp over Libor for the first two years, and will increase to 180bp if the loan is extended to the third year. The repayments will be made on a bullet basis, and, according to Paul Smith, managing director and head of bond and loan syndications at Deutsche...
