Loan week, October 31-November 6

A roundup of the latest syndicated loan market news.

Australia

A $240 million syndicated facility for Mirabela Nickel has been downsized from $280 million as the borrower has reduced the project cost by $40 million. Mandated lead arrangers Barclays Capital and Credit Suisse have underwritten the debt facility and an $80 million bridge loan has been drawn down by the borrower.

The transaction was initially expected to be completed by early December this year. However, the borrower and leads have decided to have the financing temporarily put on hold...

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