According to reports, PAB and other Chinese banks are organizing a USD 1.4 billion loan to assist Boyu in acquiring Starbucks' China business

According to Bloomberg, regarding the transaction in which Boyu Capital acquires a 60% stake in Starbucks' China business, PAB, INDUSTRIAL BANK, and Minsheng Bank will jointly arrange a 7-year syndicated loan of approximately USD 1.4 billion; the terms are still under negotiation, and the list of participating banks has not yet been determined. The funds will be used to assist Boyu Capital in paying the acquisition amount, as well as for the working capital and expansion needs of the new joint venture.

The report indicates that both domestic and foreign banks are vying to participate in this year's largest acquisition financing project in China. The market initially expected China Merchants Bank to win the lead role, but it is reported that the bank initially supported other competitors participating in the acquisition of Starbucks China