Bloomberg News

Golden Eagle Said to Ask for Bank Loan Commitments by Jan. 6

December 28, 2011

Dec. 23 (Bloomberg) -- Golden Eagle Retail Group Ltd., which operates department stores in China, is targeting to complete syndication of a $220 million loan next month and has asked for bank commitments by Jan. 6, according to a person familiar with the matter.

The company is offering a so-called top level all-in fee on the three-year term loan of 295 basis points more than the London interbank offered rate for banks committing $30 million and above, the person said..

HSBC Holdings Plc, Hang Seng Bank Ltd., Citigroup Inc., Standard Chartered Plc and Taipei Fubon Commercial Bank Co. are arranging the loan, proceeds of which will be partly used to refinance debt, the person said.

--Editor: Katrina Nicholas

To contact the reporter on this story: Wendy Mock in Hong Kong at wmock3@bloomberg.net

To contact the editor responsible for this story: Shelley Smith at ssmith118@bloomberg.net


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