Loan week, June 26-July 2

A roundup of the latest syndicated loan market news.

Australia

A $100 million three year bullet loan for Redflex Holdings was signed on Tuesday June 30 via sole mandated lead arranger and bookrunner Commonwealth Bank of Australia.

The lead contributed $40 million while participants National Australia Bank and Westpac took $30 million each.

According to Redflex, the deal is priced at around 600bp and the covenants of this current facility are generally consistent with the previous loan.

Proceeds are to refinance...

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