China: New Frontier finalising US$300m loan for United Family Healthcare acquisition

Hong Kong-based special purpose acquisition company (SPAC) New Frontier is close to closing the US$300m senior term loan facility to back its US$1.4bn acquisition of United Family Healthcare from private equity firm TPG and Shanghai Fosun Pharmaceutical. IFR reports that China Merchants Bank and Shanghai Pudong Development Bank are the lenders on the seven-year loan, which…