Loan Week, July 14 - 21

A round up of the latest syndicated loan market news.

Australia

Alumina has successfully raised $700 million from the market via a multi-tranche revolving credit provided by four banks.

Mandated arranger Westpac took $85.714 million while lenders include Commonwealth Bank of Australia with a ticket of $107.143 million, Bank of America with $53.571 million and Bank of Tokyo-Mitsubishi UFJ taking $53.571 million.

The facility comprises a $150 million five-year tranche æAÆ, a $250 million three-year tranche æBÆ and a $300 million one-year tranche æCÆ. Proceeds are for working capital purposes...

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