RLPC-US$3 bln bridge loan for Tata Motors nears launch

Newswire

By David Lau HONG KONG, March 20 (Reuters) - The US$3 billion one-year bridging loan supporting Tata Motors Ltd's acquisition of the Jaguar and Land Rover brands from Ford Motor Co is expected to launch to a wider syndication early next week, banking sources said on Thursday. India's Tata Motors was named by Ford in January as preferred bidder for the Jaguar and Land Rover brands. The bridge loan is being taken by UK-incorporated special purpose company TML Holdings Ltd, and is ...

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