HONG KONG

摘要

Power tools maker TECHTRONIC INDUSTRIES has launched a three-year senior revolving credit facility of up to US$500m, its second loan of the year. Citigroup is the original mandated lead arranger and bookrunner of the bullet transaction, which has a base size of US$300m and a greenshoe of up to US$200m. The deal offers an interest margin of 68bp over Libor. MLABs committing US$50m or above receive top-level all-in pricing of 88bp via a 60bp fee, while MLAs coming in for US$40m-S49m earn an all-in of 87bp via a 57bp fee. Lead arrangers coming in for US$30m-$39m receive an all-in of 86bp via a 54bp fee. Funds will be used for general corporate purposes.