TPG, Affinity-backed UTAC seeks to refinance debt – report
United Test & Assembly Center (UTAC), the Singapore precision engineering firm owned by TPG Capital and Affinity Equity Partners, is said to be seeking to refinance a portion of its debt through a $600 million bond issue.
According to Reuters, UTAC faces an October 2013 refinancing deadline on a $150 million revolving credit facility. Bank of America Merrill Lynch, Credit Suisse, J.P. Morgan and UBS have agreed to replace...
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