Grab closes upsized US$2b term loan

Uploaded By:  Paul Howell Submitted By:  Paul Howell Case Study:  No The term loan is said to be the largest in the Asian technology sector. Ride-hailing and food delivery giant Grab announced that it has closed its first senior secured term loan facility worth $2.66b (US$2b) as it expands its services in Southeast Asia. The loan was upsized from the principal amount of $998m (US$750m) after the company secured commitments from investors. read more