Loan week, November 28-December 4
A roundup of the latest syndicated loan market news.
ApacheÆs $350 million financing is close to signing via mandated lead arrangers and bookrunners BNP Paribas and HSBC.
The updated margin for the pre-completion period is now 100bp over Libor, which will increase to 112.5bp if the parentÆs rating falls to or below BBB. The pricing for the post-completion period is 175bp.
Proceeds are to support two oil discovery projects in Northwest Australia.
A A$750 million three-year term loan for Telstra Corp was completed last week...
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