Loan fi­nal­ized for buy­ing Syn­genta

China Daily (USA) - - BUSINESS -

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. The fa­cil­ity com­prises a $12.5 bil­lion term loan and a $200 mil­lion re­volv­ing credit.

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