Loan week, July 18-24
A roundup of the latest syndicated loan market news.
A A$518 million facility for BBI AET D Holdings No. 2, an SPV of Babcock and Brown Infrastructure, has been sealed as a club deal via a syndicate of seven banks.
The deal is split equally into two- and three-year term loans, paying a spread of 140bp and 160bp over BBSY respectively.
Final allocations saw the mandated leads lending A$74 million each.
Proceeds are to refinance an existing A$518 million acquisition bridge loan signed last August.
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