Loan week, July 17-23

A roundup of the latest syndicated loan market news.

Australia

Boart Longyear has formally mandated bookrunners ANZ, Bank of America, BNP Paribas, Commonwealth Bank of Australia, National Australia Bank and Royal Bank of Scotland to arrange a refinancing to repay and extend existing debt facilities of up to A$850 million.

According to the borrower, the new facility will feature a reduced amount, extended tenor, increased pricing and amended financial covenants.

ElectraNet has successfully secured a A$200 million three-year bullet loan from a consortium of four domestic banks...

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