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M29A2 International Banking And Finance Law

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Question:

The Group is proposing to acquire additional production facilities through the acquisition of a target company (`Targel). The Group is looking to finance the acquisition either through a syndicated loan facility or through a bond issue a final decision on which funding option is best for the Group has yet to be made. The transaction is confidential and is known by the codename Project Daisy. 

Richard Cray is an operations director and sits on the management board. He is part of the UniDairy team working on Project Daisy. Although he is primarily involved with negotiating the terms of the acquisition with Target, Richard must keep abreast of what is happening on the financing side of the transaction. 
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