OneSteel Finance’s A$591 million dual-tranche revolver was signed on August 31 via bookrunners Commonwealth Bank of Australia, National Australia Bank and Westpac.
The bullet facility is split equally into three-year and four-year revolvers.
Syndication saw Bank of Tokyo-Mitsubishi UFJ, BNP Paribas and Sumitomo Mitsui Banking Corp join in as lead arrangers. Mizuho Corp participated as a senior lead manager, while ANZ and HSBC came in as lead managers.
Proceeds are to refinance an A$800 million loan...