OB refinancing, IPO on cards
Several banks have submitted unsolicited proposals for the refinancing of the $1 billion five-year leverage loan that underwrote Kohlberg Kravis Roberts and Affinity Equity Partners' $1.8 billion buyout of Korea's Oriental Brewery in 2009, amid talk of a possible IPO for the investee.
Improvements in Korean and regional financial markets could lead to OB listing as early as 2011. The OB leverage package was long cited by AVCJ sources as a prime candidate for refinancing once banks recovered...
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