Carlyle-backed Focus Media seals $1.4 bln loan ahead of Shanghai listing

April 21, 2015 4:21 AM

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HONG KONG, April 21 (Reuters) - Focus Media Holding Ltd, a Chinese display advertising company backed by Carlyle Group LP and other private equity firms, has sealed a $1.4 billion loan from a group of three banks to refinance existing debt ahead of a planned listing in Shanghai, Basis Point reported on Monday, citing sources familiar with the plans.

Focus Media, which delisted from the Nasdaq in 2013 after being targeted by shortseller Muddy Waters, plans to debut in Shanghai within a year, with the expected listing size larger than the $1.4 billion loan, added Basis Point, a Thomson Reuters publication.

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