Samsung Hong KongÆs $100 million loan launched

By borrowing now at more than half of what it paid last year, Samsung Hong Kong is tapping lower cost funding to retire high cost debt.

Prakash Chakravarti

September 06, 2002

Mandated arrangers Korea Development Bank, Societe Generale and Bayerische Landesbank launched a $100 million three-year transferable term loan facility for Samsung Hong Kong into general syndication last week. Syndication is slated for close on September 19, while signing is scheduled for September 30. Samsung Corporation is the guarantor for the bullet deal.

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