Australia
Adani Abbott Point Terminal has obtained a A$1.3 billion four-year, nine-month facility on a club basis through mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ, Commonwealth Bank of Australia, Mizuho, NAB, OCBC, Standard Chartered and Westpac.
The transaction is split into a A$1.1 billion term loan, a A$75 million term loan, a A$50 million revolver and a A$15 million revolver.
Final allocations saw Commonwealth Bank of Australia lend A$350 million while NAB committed A$250 million. Westpac pledged A$225 million while Bank of Tokyo-Mitsubishi UFJ provided A$150 million. Mizuho and Standard Chartered contributed A$100 million each while OCBC ended up with A$75 million.
Proceeds are to refinance Adani Ports and Special Economic Zone's acquisition of the assets associated with the Abbot Point Coal Terminal and capital expenditure purposes.
Ventura Motors have secured a A$412 million five-year facility through bookrunners and mandated lead arrangers ANZ, NAB and Westpac.
The facility is split into a A$156 million amortising tranche, a A$250 million term loan and a A$6 million bank guarantee.
Final allocations saw Westpac lend A$108 million while ANZ and NAB pledged A$102 million each. GE Capital contributed A$50 million while Industry Funds Management, United Super and Workers Compensation National Insurer came in with A$15 million each. Care Super ended up with A$5 million.
Proceeds are to support the acquisition of Grenda Transit Management.
China
International Far Eastern Leasing has secured a Rmb1.1 billion dual-tranche facility through bookrunners and mandated lead arrangers Deutsche Bank, Mizuho, Standard Chartered and SMBC.
Guaranteed by Far East Horizon, the financing consists of a Rmb550 million three-year term loan and a Rmb500 million one-year revolving credit facility at 110% of the PBoC rate.
Final allocations saw the leads take Rmb200 million each while senior managers Bank of Tokyo-Mitsubishi UFJ and Hana Bank lent Rmb100 million each. First Sino Bank rounded up the syndicate with Rmb50 million.
Proceeds are for working capital purposes.
Hong Kong
China Overseas Land & Investment successfully obtained a HK$7.6 billion three-year revolving credit/term loan facility on Wednesday (April 12) through a consortium of 12 banks.
The mandated leads for the club facility were Agricultural Bank of China, Bank of China, Bank of Communications, Bank of East Asia, China Construction Bank, DBS, Hang Seng Bank, HSBC, ICBC, SMBC, United Overseas Bank and Wing Hang Bank.
Proceeds are to repay existing debt facilities and for property development.
Longfor Properties signed a HK$2.4 billion-equivalent facility last week through mandated leads and bookrunners Bank of East Asia, China Construction Bank Corp, Hang Seng Bank, HSBC and Standard Chartered.
The three-year transferable term loan is split into a HK$2.1 billion tranche and a $39 million portion.
Syndication saw Barclays, Deutsche Bank, CITIC Bank International and Tai Fung Bank join in at lower tiers.
Proceeds are for general corporate purposes.
India
Adani Hazira Port has successfully obtained a $109 million 14-year project financing through sole bookrunner and mandated lead arranger SBI Capital Markets.
The term loan offers a margin of 425bp over Libor and will be repaid in 44 quarterly installments with a one-year grace period.
Syndication saw India Infrastructure Finance join in as a participant.
Proceeds are for the construction of a multi-purpose berth port.
Adani Mining has completed a $300 million two-year term loan through sole bookrunner and mandated lead arranger ICICI Bank.
Final allocations saw the lead take $290 million while participant Punjab National Bank committed $10 million.
Proceeds are to refinance a previous $250 million term loan signed in September 2010.
Delhi International Airport has concluded a Rs19.3 billion three-year term loan through sole bookrunner and mandated lead arranger ICICI Bank.
Sponsored by GMR Infrastructure, the facility will be repaid in 36 monthly installments.
Final allocations saw the lead provide Rs11.8 billion while participants Canara Bank and Central Bank of India took Rs5 billion and Rs2.5 billion respectively.
Proceeds are for the development of New Delhi International Airport.
Mangalore Refinery & Petrochemicals has obtained a $250 million dual-tranche term loan through sole bookrunner SBI Capital Markets.
The debt package is split into a $100 million five-year tranche and a $150 million seven-year portion.
Final allocations saw mandated lead arrangers State Bank of India give $100 million while Bank of Baroda, Bank of Tokyo-Mitsubishi UFJ and Mizuho joined in with $50 million each.
Proceeds are for the expansion and upgrade of MPRL Refinery at Mangalore, India.
Japan
Mitsubishi Corp’s $1 billion 364-day revolver has been completed through sole bookrunner and mandated lead arranger Citi.
Syndication saw Bank of Tokyo-Mitsubishi UFJ join in as a mandated lead arranger while ANZ, BNP Paribas, Bank of America Merrill Lynch, Barclays, Credit Agricole, Deutsche Bank, HSBC, ING, J.P. Morgan, Societe Generale, Standard Chartered and UBS came in as participants.
Proceeds are to refinance an existing $1 billion facility signed in March 2011.
Malaysia
Kwasa UK Solo has obtained a £300 million five-year term loan on a club basis through mandated leads Bank of Nova Scotia, Bank of Tokyo-Mitsubishi UFJ, Citi, OCBC and SMBC.
Final allocations saw Bank of Tokyo-Mitsubishi UFJ take £100 million while Citi contributed £80 million. OCBC gave £50 million while Bank of Nova Scotia and SMBC ended up with £40 million and £30 million respectively.
Proceeds are for refinancing existing indebtedness and a payment of special dividends.
Thailand
PTTEP Canada International Finance has signed a C$300 million five-year term loan on a club basis through mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ, Mizuho and SMBC.
The deal is guaranteed by PTT Exploration & Production and saw equal contribution from the mandated leads.
Proceeds are to partially support the acquisition of an oil sands project located in Canada, debt repayment and other general corporate purposes.
