(Adds loan maturity in second paragraph, banks in third paragraph, and pricing in fourth paragraph.)
Oct. 13 (Bloomberg) -- Parkson Retail Group Ltd. is in talks with banks to increase a loan taken out in 2010 to $400 million from $250 million, said two people familiar with the matter.
The parent company, Parkson Holdings Bhd., operates department stores in China, Vietnam and Malaysia. Parkson Retail is seeking an increase of $150 million on the loan maturing in 2013, said the people, declining to be identified because the details are private.
DBS Bank Ltd., JPMorgan Chase & Co., Malayan Banking Bhd., Natixis and Standard Chartered Plc are arranging the facility, the people said.
The additional portion of the loan pays a margin of 215 basis points over the London interbank offered rate and a so- called all-in rate, which includes fees, of 250 basis points, for commitments of $20 million or more, according to the people.
--Editor: Beth Thomas
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