Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Rumor: Alibaba to Secure Loans for Yahoo Stake Buyback

DoNews, 12/16/11

Several major banks are vying to provide Chinese e-commerce conglomerate Alibaba Group with the USD 4 bln in debt financing necessary to help its bid to buy back Yahoo's 40% stake in the company, according to Thomson Reuters. Alibaba will reach terms of agreement with lenders this week.

According to sources familiar with the case, once the terms of agreement are finalized, the lenders can then begin preparations to provide the financing, however it will take until the third week of January 2012 before the financing is completed.

It is understood that the debt financing will be in terms of a three-year loan with a margin of approximately 450 basis points over the London Interbank Offer Rate (LIBOR).

Editor's Note: For more information on this topic, please see "Alibaba Seeks USD 4 Bln in Debt Financing for Yahoo Buyback," MD 12/09/11 issue.

Keywords: M&A e-commerce Internet debt financing Yahoo Alibaba Group

Feedback

Please note, all fields are required.
None of your personal information will be shared with third parties.

SendingSending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports