Loans News
- CIMC secures US$200m syndicated loan
Date: 28-May-2007 Sources: (Shenzhen Daily)
CHINA International Marine Containers (Group) Co. (CIMC), the world's largest shipping container maker, said Saturday it secured a US$200 million syndicated loan to supplement its working capital.
The 60-month facility, arranged by Citigroup and the Shanghai branch of ABN AMRO, will have a floating rate linked to LIBOR (London interbank offered rate), the company said in a statement. The loan deal was signed Friday with a total of 11 financial institutions, it said, without giving more details. In December, CIMC announced it was taking over Dutch rival Burg Industries in a 108 million euro (US$147.3 million) deal.
Sponsor Results:
