ChemChina Seeks $35 Billion in Loans for Syngenta TakeoverBy
China National Chemical Corp. is seeking to borrow a total of $35 billion to help fund the purchase of Syngenta AG, in a potential record financing for a Chinese acquisition.
The Beijing-based company hired China Citic Bank International Ltd. to arrange a $15 billion loan facility, which will be fully guaranteed by ChemChina, people familiar with the matter said, asking not to be identified because the information is private. Bank meetings are scheduled this week for a separate $20 billion acquisition loan, with recourse to Syngenta and not guaranteed by ChemChina, according to an e-mailed statement dated Feb. 25…
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