First Pacific Said to Increase 3-Year Loan to $200 Million

First Pacific Co., the Asian utilities and resources company controlled by billionaire Anthoni Salim, plans to sign a $200 million, three-year term loan with five banks as early as this week after increasing the facility’s size from $150 million, according to a person familiar with the matter.

The so-called club loan won’t be marketed to other banks in syndication and pays a margin of 180 basis points more than the London interbank offered rate and fees of 175 basis points for an all-in rate of about 238 basis points, the person said, asking not to be identified because the details are private.