Go Scale to fund Philips lighting components buy with $1.93 bln in debt

May 27, 2015 9:48 AM

27 0

AMSTERDAM May 27 Go Scale, the investment fund that is purchasing Philips' lighting components unit Lumileds, said on Wednesday it would fund the acquisition in part by raising $1.93 billion (1.77 billion euros) in debt.

The fund said in a statement that the Bank of China was acting as sole bookrunner in arranging the debt financing, which will have both euro and dollar denominated tranches.

Also read: Sizing Up Tesla’s $10 Billion Debt Stack

Read more

To category page