Loan week, May 16-22
A roundup of the latest syndicated loan market news.
A A$170 million multi-tranche LBO facility for BNT Holdco, an SPV of Bras N Things, is looking to close syndication in the coming week via mandated lead arrangers ANZ, Bank of Scotland International and Royal Bank of Scotland.
The loan comprises an A$80 million six-year bullet, a A$50 million amortising loan, a A$10 million six-year revolver and a A$30 million 6.5-year subordinated debt portion.
Proceeds are to support the ANZ Capital and Hastings Private Equity-led leveraged buyout...
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