“Largest” Asia Tech Sector $2B term loan facility raised

  • Southeast Asian rider-hailing and payment company Grab has secured USD 2 billion for its senior secured loan facility. This is the largest term loan B facility in the Asian technology sector
  • The interest rate on the loan was originally set to be LIBOR + 450 basis points but was lowered by 100 from the original guidance. Moody issued ratings of B3 and B-, with a stable outlook