SF delivers hot M&A Loan

摘要

An overwhelming response to a HK$18bn (US$2.3bn) loan backing SF HOLDING'S acquisition of a stake in Kerry Logistics Network has highlighted the extent of demand for event-driven financings. Senior syndication closed last month with 10 Chinese and international banks joining JP Morgan on the 364-day facility, which offers an initial interest margin - tied to a leverage ratio grid - of 50bp over Hibor.