🍪 Our Cookies

This website uses cookies, pixel tags, and similar technologies (“Cookies”) for the purpose of enabling site operations and for performance, personalisation, and marketing purposes. We use our own Cookies and some from third parties. Only essential Cookies are used by default. By clicking “Accept All” you consent to the use of non-essential Cookies (i.e., functional, analytics, and marketing Cookies) and the related processing of personal data. You can manage your consent preferences by clicking Manage Preferences. You may withdraw a consent at any time by using the link “Cookie Preferences” in the footer of our website.

Our Privacy Notice is accessible here. To learn more about the use of Cookies on our website, please view our Cookie Notice.

Banks sound out private credit as auto tariffs cloud ABC Technologies syndication

Share

News and Analysis

Banks sound out private credit as auto tariffs cloud ABC Technologies syndication

Dan Mika's avatar
Shubham Saharan's avatar
  1. Dan Mika
  2. +Shubham Saharan
•3 min read

The banks looking to offload committed financing in the syndicated debt market for Canadian auto parts maker ABC Technologies’ acquisition of TI Fluid Systems are sounding out interest from direct lenders and opportunistic credit funds as tariff concerns weigh on investor demand, according to 9fin sources.

The Trump administration’s plans to place tariffs on global imports this week on top of its levies of auto parts and cars have created a challenging backdrop for the deal, sources said. Citi and other banks running the deal are gauging interest across multiple types of lenders to support the transaction, according to sources.

What are you waiting for?

Try it out
  • We're trusted by the top 10 Investment Banks