Loan week, June 20-26

A roundup of the latest syndicated loan market news.

Australia

The extension of a A$1.192 billion term loan for BlueScope Steel was completed on June 20 via Commonwealth Bank of Australia and Westpac. The A$91.67 million facility will be extended to December 2009, while the new maturity date of the A$550 million portion will be in December 2011. The remaining A$550 transaction is unchanged and will mature in December 2010.

Proceeds are for general corporate purposes.

Crown Group FinanceÆs A$600 million five-year dual-tranche credit was sealed on June...

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