Loan Week, April 14-20

A roundup of the latest syndicated loan market news.

Australia

ABN AMRO Australia, National Australia Bank and Royal Bank of Scotland have been mandated to arrange Boart LongyearÆs $850 million three tranche deal.

The fundraising is split into a $585 million three year bullet financing, a $65 million five year bullet loan and a $200 million five year revolving credit. The margin is priced at 70bp and 80bp over Libor for the three and five year tranches respectively.

Proceeds are to fund the repayment of an existing...

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