Banks are awaiting credit approvals for BlueScope Steel Finance's A$1.3 billion dual-tranche facility. ANZ, Commonwealth Bank of Australia, Credit Suisse and Westpac are the bookrunners.
The deal comprises a A$200 million two-year revolver and a A$1.1 billion three-year facility priced at 330bp and 350bp over the Australian Domestic Bill Rate ADBR respectively.
The deal is expected to be signed in a few weeks' time. Proceeds are for refinancing purposes.
A A$700 million three-year financing for Metcash...