TITAN Chemicals Bhd, which is heading for a listing on Bursa Malaysia, signed with 12 banks yesterday a US$700mil (RM2.6bil) loan facility that would give it flexibility to match fluctuations in its cash flow with the cyclical nature of the petrochemical industry.
The facility will be structured in two tranches – a US$500mil seven-year loan and a US$200mil 18-month facility.
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