ASIA-PACIFIC

摘要

Home appliance maker MIDEA GROUP'S offer to acquire German factory robot maker Kuka is being backed with a loan of up to €3.991bn arranged by sole bookrunner and mandated lead arranger ICBC. The loan remains available until April 15 2017 and pays interest of 0.65%, or €26m. One off transaction costs on the loan are €35m. Midea's €115 per share offer values Kuka at around €4.5bn. Morgan Stanley is acting as exclusive financial adviser to Midea on the offer, while Freshfields is legal adviser. Meanwhile, MIDEA INTERNATIONAL CORP has reduced its three-year term loan to US$306m from US$330m despite a massive oversubscription.