Loan Week, April 20-26

A roundup of the latest syndicated loan market news.

Foxtel Management has secured a A$1.2 billion revolver on a club basis through mandated lead arrangers ANZ, Commonwealth Bank of Australia, NAB and Westpac.

The transaction is split into three-year, four-year and five-year tranches, with A$400 million for each portion.

Final allocations see the lenders pledge A$300 million each.

Proceeds are to support the acquisition of Austar United Communication from Liberty Global, refinancing existing indebtedness...

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