Jinsha River $1 billion 930 million loan quota allocation plan emerges

Reuters, Hongkong, GO Scale Capital $1 billion 930 million loan quota allocation program has emerged. The financing will support GO Scale Capital to $2 billion 800 million acquisition of PHILPS's lighting industry's 80% stake.

Chinese bank is the only leading bank and bookkeeping, underwriting, loan will be $1 billion 610 million. Chinese import and export bank loans of $120 million. Bank of communications and Holland cooperative bank provide 75 million loans. Merrill Lynch worth $50 million. Bank of China acting as agent.

The case was signed in July 29th. The loan includes the A portion of the $seven term loan, the B portion of the $seven term loan of $250 million and a $350 million revolving loan of $five. Only part of the term loan is syndicated loan.

Bank interest rates compared to the London interbank lending rate (Libor) overweight 330 basis points. The maximum yield of term loans is 90 basis points.

PHILPS said the acquisition of its lighting business valued at $3 billion 300 million, including debt, including. Mergers and acquisitions business includes automotive lighting and Lumileds LED manufacturing sector.

London's Zaoui & Co is a consultant for Go Scale Capital, a Morgan consultant for PHILPS's merger and acquisition transactions.

Go Scale Capital the previous investment projects including American electric car battery maker Boston battery (Boston Power) and a China electric car company xindayang electromechanical group.

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