Loan Week, March 2-8

A roundup of the latest syndicated loan market news.

Australia

Outdoor Media Operations signed a A$130 million five-year facility on a club basis through mandated lead arrangers Commonwealth Bank of Australia, GE Capital, NAB and Westpac.

The debt package consists of an A$80 million term loan, a A$40 million capex facility and a A$10 million revolver.

Proceeds are for the leveraged buyout of Ooh Media Group by Champ Private Equity, capital expenditure and working capital purposes.

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