Loan Week, May 4-10

A roundup of the latest syndicated loan market news.

Australia

Norfolk Group has signed a A$150 million three-year facility on a club-basis through mandated lead arrangers Commonwealth Bank of Australia, HSBC and Westpac.

The transaction is split into a A$140 million tranche and a A$10 million overdraft portion.

Final allocations saw Commonwealth Bank of Australia and Westpac pledge A$60 million each and HSBC committed A$30 million.

Proceeds are to refinance an existing A$115 million facility...

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