Syndication going well for LHMW loan

General syndication launched earlier this week for the $25 million three-year term loan for LHMW Investment Corporation is proceeding well with the facility likely to be over-subscribed.

General syndication launched earlier this week for the $25 million three-year term loan for LHMW Investment Corporation is proceeding well with the facility likely to be over-subscribed. BNP Paribas is the sole mandated arranger for the transaction. 

The loan offers a margin of 70bp over Libor with all-in of 78bp for commitments of $5 million and 75bp for $3 million. The loan will be repaid in four equal instalments following an 18-month grace period. The average life of the loan is 2.25 years.

The borrower is incorporated in the British Virgin Islands BVI and wholly-owned by Taiwan-incorporated Lioho Machine Works Ltd. LHMW. LHMW is the guarantor for the borrowing, which marks the...

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