Deals
ChemChina Said to Finalize $12.7 Billion Loan to Buy Syngenta
- General syndication of loan has been closed, people said
- Includes $12.5 billion term loan, $200 million revolver
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China National Chemical Corp. has secured commitments from lenders on a $12.7 billion loan for its purchase of Swiss pesticides producer Syngenta AG, people familiar with the matter said.
The Beijing-based company, known as ChemChina, attracted 17 banks for the financing, according to the people, who aren’t authorized to speak publicly and asked not to be identified. The facility comprises a $12.5 billion term loan and a $200 million revolving credit.