Loan week, January 7-13

A roundup of the latest syndicated loan market news.

Australia

Avoca Resources’ A$165 million multi-tranche revolver has been inked as a club deal with mandated leads BNP Paribas and Commonwealth Bank of Australia.

The deal consists of a A$50 million three-year tranche, a A$100 million nine-month portion, and a A$15 million three-year facility.

Proceeds are for general corporate purposes.

China


Yantai Wanhua Polyurethanes’ $52 million two-year standby letter of credit facility was signed in late December on a club basis via mandated lead arrangers Sumitomo Mitsui Banking...

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