Acer Signs Agreement for NT$15B in Syndicated Loan
Posted: Fri Nov 18, 2011 10:27 am
Acer Signs Agreement for NT$15B (US$500M) in Syndicated Loan with Bank Group
17 Nov 2011 - Acer has signed a Syndicated Loan Agreement of NT$15B (US$500M) with a bank group including Citibank Taiwan, Taipei Fubon and Bank of Taiwan.
The loan will be used to repay a previous syndicated loan arranged by Citibank in 2007, and will enhance the mid-to-long term operating capital of Acer.
Managed by Citibank Taiwan, the latest syndicated loan agreement was reached and signed by a total of twelve banks to facilitate Acer for five years.
Note: The exchange rate was US$1: NT$30.