Loan week, February 8-14
A roundup of the latest syndicated loan market news.
Syndication of Babcock Brown InfrastructureÆs A$800 million-equivalent dual tranche facility is being well received. Mandated arrangers and bookrunners ANZ, Commonwealth Bank of Australia, Dresdner Kleinwort and Royal Bank of Scotland have funded the loan.
The debt package comprises a $500 million three-year credit and a A$235 million five-year multi-currency portion. The margin is priced at 100bp over BBSY for the three-year tranche and 115bp over BBSY for the five-year loan.
A handful of commitments are already in...
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