Bank of China contributes to Tranche 1 of a $310 million USD syndicated facility to Top Glove Bhd in March 2018 (Linked to #96647)

Bank of China contributes to a March 2018 $310 million USD syndicated facility to Top Glove Bhd, a Malaysian company that is the world's largest rubber glove manufacturer, to support its RM 1.37 acquisition of Aspion Sdn Bhd — one of the largest surgical glove producers globally, for a purchase consideration of RM1.37 billion. The $310 million USD credit facility consisted of two tranches: a $155 million USD two-year term loan facility (Captured via #96646) and a $155 million USD five-year murabahah facility (Captured via #96647). In addition to BOC, the lenders included Citibank Bhd, Bank of Tokyo-Mitsubishi UFJ (Malaysia) Bhd, Hong Leong Bank, Mizuho Bank (Malaysia) Bhd, Sumitomo Mitsui Banking Corporation Malaysia Bhd, BNP Paribas Malaysia Bhd, and Bangkok Bank Bhd. The acquisition was planned to be completed in early April 2018.

Additional details

The precise size of the contribution of BOC to the loan syndicate is unknown. For the time being, AidData assumes equal contributions to the $155 million loan ($19,375,000) across the 8 known participants in the loan syndicate.

Number of official sources

0

Number of total sources

2