China
Shuanghui International Holdings has secured a $4 billion term loan through bookrunners and mandated lead arrangers Bank of China, Export-Import Bank of China, Credit Agricole, DBS, ICBC, Natixis, Rabobank, RBS and Standard Chartered.
The facility is split into a $2.5 billion three-year tranche priced at 350bp over Libor and a $1.5 billion five-year portion priced at 450bp over Libor.
Syndication saw Deutsche Bank, ING and Ping An Bank join in as lead arrangers while Cathay United Bank, Intesa Sanpaolo, KDB, Wing Lung Bank and Yuanta Commercial Bank join in as arrangers. 13 other banks concluded the syndicate at a lower tier.
Proceeds are to support the $7.1 billion acquisition of Smithfield Foods.
India
Alok Industries has sealed a Rs16 billion loan package through sole bookrunner and mandated lead arranger State Bank of India.
The financing consists of an Rs15.3 billion 10-year term loan and an Rs750 million seven-year portion.
Final allocation saw the lead provides Rs7 billion while participant Canara Bank, Bank of India and Oriental Bank of Commerce contributed Rs4 billion, Rs3 billion and Rs2 billion respectively.
Proceeds are for working capital purposes.
Malaysia
Petra Resources has inked a M$110 million five-year revolving credit facility through mandated lead arrangers Affin Investment Bank and OCBC.
Petra Energy, the borrower’s parent and is the loan sponsor.
Final allocations saw OCBC lend M$58 million while Affin Investment Bank pledged M$52 million.
Proceeds are for working capital purposes.
Puncak Wangi has secured a M$220 million eight-year term loan through mandated lead arrangers CIMB and RHB Bank on a club basis.
The facility features a Sharia-compliant murabahah contract.
Proceeds are for property construction.
Singapore
BW LPG Holding has secured a $700 million seven-year facility on a club basis through mandated lead arrangers BNP Paribas, Danskebank, DNB, ING, Nordea Bank, OCBC, Skandinaviska Enskilda Banken and Swedbank.
The facility is split into a $500 million term loan and a $200 million revolver.
Allocations saw the arrangers provide $88 million each.
Proceeds are for ship mortgage financing after an IPO.
Universal Group Holdings has funded a S$1.2 billion five-year term loan through bookrunners and mandated lead arrangers Bank of China, DBS, Maybank and Standard Chartered.
The facility is expected to close by the end of 2013 and comprises a $610 million tranche and a $540 million portion.
Syndication saw China Citic Bank International, Commonwealth Bank of Australia and HSBC join in as mandated lead arrangers while Bank of East Asia, CTBC Bank, Hong Leong Finance and SMBC have joined in as lead arrangers.
Proceeds are for general corporate purposes.
Taiwan
ADATA Technology has secured a NT$2 billion 10.5-year guarantee facility through joint bookrunners First Commercial Bank and Mega International Commercial Bank.
The facility is guaranteed by Quan Wei Investments and Taiwan Sports Lottery Technology.
Syndication saw bookrunner Mega International Commercial Bank provide NT$850 million while First Commercial Bank contributed NT$400 million. Participants Taiwan Cooperative Bank and Shanghai Commercial & Savings Bank came in with NT$200 million and NT$150 million respectively, while Agricultural Bank of Taiwan, Bank of Taiwan, Chang Hwa Commercial Bank and Hua Nan Commercial Bank rounded up the group with NT$100 million each.
Proceeds are for general corporate purposes.
Copartner Technology has closed a NT$800 million three-and-a-half-year revolving credit through joint bookrunners Land Bank of Taiwan and Mega International Commercial Bank.
The revolver is a NT$800 million-equivalent Taiwan-US dollar dual-currency facility.
Final allocations saw bookrunner Land Bank of Taiwan and Mega International Commercial Bank provide NT$220 million and NT$150 million each, while mandated lead arranger Chang Hwa Commercial Bank came in with NT$110 million. Participants Bank of Taiwan, First Commercial Bank, Taiwan Cooperative Bank and Hua Nan Commercial Bank joined in with NT$100 million, NT$90 million, NT$ 70 million and NT$60 million respectively.
Proceeds are to refinance an existing indebtedness signed in June 2011 and for working capital purposes.
Emerging Display Technologies has signed a NT$910 million three-year fundraising through joint bookrunners E.Sun Commercial Bank and Taishin International Bank.
The deal includes a NT$364 million term loan and a NT$546 million revolving credit facility.
During syndication, Bank of Panhsin, Bank of Taiwan, Mega International Commercial Bank and Ta Chong Bank participated at lower tiers.
Proceeds are to repay existing indebtedness and for working capital purposes.
Kuo-Kuang Motor Transport has completed a NT$1.7 billion 10-year term loan through sole bookrunner Taiwan Cooperative Bank.
The facility is priced at 115bp over the one-year post-office savings rate.
Final allocations saw the lead lend NT$504 million while mandated lead arranger Land Bank of Taiwan took NT$370 million. Participants Agricultural Bank of Taiwan, Bank of Panhsin, Chang Hwa Commercial Bank, Cota Commercial Bank, E.Sun Commercial Bank and Hua Nan Commercial Bank came in with NT$134 million each.
Proceeds are to purchase motors.
Lorom Holding has sealed a $48 million three-year revolving credit through joint bookrunners EnTie Commercial Bank, First Commercial Bank and Taipei Fubon Commercial Bank.
The revolver is split into a $29 million tranche and a $19 million portion.
Bank of Panhsin, Cosmos Bank Taiwan, Taishin International Bank and Taiwan Shin Kong Commercial Bank participated the syndication process at lower tiers.
Proceeds are for debt repaying and working capital purposes.
