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Boyu Capital Pursues $1.4 Billion Loan for Starbucks China Stake
Summary generated with AI, editor-reviewed
Heartspace News Desk
•Source: Bloomberg.com
Photo by Young Tian on Unsplash
TL;DR
Boyu Capital is negotiating with banks for a $1.4 billion loan to finance its purchase of a majority stake in Starbucks China. Chinese banks are likely to lead the funding of the deal, which may involve a yuan-denominated onshore loan, although the terms are still being discussed and could change.
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Key takeaways
- Boyu Capital is in talks with banks to secure a loan of roughly $1
- 4 billion to fund its acquisition of a majority stake in Starbucks Corp
- 's China business, according to sources familiar with the matter
Boyu Capital is in talks with banks to secure a loan of roughly $1.4 billion to fund its acquisition of a majority stake in Starbucks Corp.'s China business, according to sources familiar with the matter.
These sources, who requested anonymity due to the sensitivity of the negotiations, suggest that Chinese banks are expected to spearhead the financing. The deal may be structured as a yuan-denominated onshore loan. As discussions are ongoing, the terms and structure remain subject to change.
Related Topics
Boyu CapitalStarbucksChinaMergers and Acquisitionsloanprivate equity
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