United Test & Assembly Seeks $600M Bond
Singapore precision engineering firm United Test & Assembly Center is the latest private equity-backed company in Asia to turn to the high-yield bond markets to refinance buyout loan debt, seeking to raise around $600 million, sources with knowledge of the matter told Reuters. UTAC was acquired by buyout funds Affinity Equity Partners and TPG Capital for $1.25 billion in 2007 using loan debt of around $725 million.
15 October 2012•2 mins read
