Deals
Tencent Said to Market $3.5 Billion Supercell Acquisition Loan
- Five-year non-recourse facility split into two parts: people
- Facility to back purchase of the Finnish maker of mobile games
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Tencent Holdings Ltd. has started marketing a $3.5 billion loan to lenders to back its purchase of a majority stake in Supercell Oy from SoftBank Group Corp., people familiar with the matter said.
Asia’s biggest internet company is offering the facility, which has an average life of 4.3 years, at an interest rate of 212 basis points more than the London interbank offered rate, according to the people, who asked not to be identified because they aren’t authorized to speak publicly. The five-year non-recourse financing is split into a $3 billion term loan and a $500 million revolving credit, they said.