Banks put up $7b for PE-backed Shuanghui’s Smithfield deal – report
Bank of China and Morgan Stanley will provide $7 billion in financing for PE-backed Shuanghui International’s buyout of a US pork producer Smithfield Foods. The proposed deal, which values Smithfield at $7.1 billion including debt.
According to Reuters, Bank of China will extend a five-year term loan of $4 billion to the Chinese meat processor and syndicate the facility to other institutions. A further $3 billion term loan will come...
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