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Chimei Innolux Says Negotiating $6.8 Billion of Syndicated Loans

Feb. 7 (Bloomberg) -- Chimei Innolux Corp., Taiwan’s largest maker of liquid-crystal displays, is negotiating with banks for syndicated loans worth about NT$200 billion ($6.8 billion), Chief Financial Officer Eddie Chen said today.

Most of the loans will be denominated in Taiwan dollars and the rest in U.S. currency, Chen said. Chimei Innolux, based in Miaoli, Taiwan, paid the interest on a loan due last month and has included the unpaid principal of about NT$5 billion to NT$6 billion in the current loan talks, he said.

“There’s a lot of issues still under discussion,” Chen said in a phone interview today. “The timetable is also part of the process of negotiation.”

A consortium of banks may sign a loan with Chimei Innolux as early as next month, Susan Chang, chairwoman of state-owned Taiwan Financial Holdings Co., said today in comments broadcast on Unique TV.

To contact the reporter on this story: Tim Culpan in Taipei at tculpan1@bloomberg.net

To contact the editor responsible for this story: Michael Tighe at mtighe4@bloomberg.net

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