Xiaomi said to seek $1-billion loan

Jamie McKane

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Xiaomi said to seek $1-billion loan

Xiaomi Corp. is returning to the loan market after a two-year absence with a $1 billion refinancing facility.

The Chinese smartphone maker is in early discussions with lenders for a five-year bullet club loan at an all-in rate of low to mid 100 basis points area over Libor, according to people familiar with the matter.

[Blooomberg]
 
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