(사진=KB국민은행)

 

[Alpha Biz=(Chicago) Reporter Kim Jisun] KB Kookmin Bank announced on the 5th that it has completed financing for US silicon manufacturer Momentive acquisition financing worth 839 million dollars (about 1.9 trillion won) on March 30.

The deal was the momentum refinancing of the KCC-SJL Partners Consortium in May 2019, and Kookmin Bank successfully drew financial support from large domestic financial institutions despite global financial market instability.

Kookmin Bank, a financial institution that arranged Momentum's first acquisition financing, served as a representative based on its partnership with KCC, a strategic investor, and led the Export-Import Bank of Korea, Hana Bank, NH Nonghyup Bank and IBK Industrial Bank of Korea to participate in refinancing.

In particular, the refinancing is an acquisition financing that implemented U.S.-based Momentum as a borrower, and Kookmin Bank has completed the formation of a large group with overseas branches of the Export-Import Bank of Korea, Hana Bank, Nonghyup Bank and Woori Bank through cooperation between the Ministry of Investment and Finance and New York IB units.

Kookmin Bank led the refinancing by highly praising the characteristics of the silicon industry, which enables stable growth due to diversification of front industries, improved operating performance and synergy with KCC, a strategic investor.

 

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