Loan Week, September 21-27

A roundup of the latest syndicated loan market news.

Australia


Nepean Engineering and Innovation has signed a A$140 million three-year credit facility through mandated lead arrangers ANZ and Commonwealth Bank of Australia.

The facility is split into a A$60 million term loan, a A$55 million revolver and two separate A$13 million working capital tranches.

Final allocations saw ANZ and Commonwealth Bank of Australia lend A$70 million each.

Proceeds are to refinance existing indebtedness.

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