China Fire & Security received one bank commitment in syndication

The Deal Economy 2011

Stephen G. Pagliuca, Managing Director, Bain Capital LLC, participates in a roundtable discussion: "Whose Financial System Is It Anyway?" during The

The $80 million, five-year loan backing Bain Capital LLC’s acquisition of China Fire & Security Group Inc. has received one bank commitment in syndication, according to a person familiar with the matter.

Another one to two lenders are expected to join in coming weeks, the person said, asking not to be identified because the details are private and declining to elaborate. The facility is arranged by Bank of America Corp., Citigroup Inc. and HSBC Holdings Plc and was funded by those banks prior to marketing, another person with knowledge of the deal said on Nov. 7.