Loan Week, May 4-11
A roundup of the latest syndicated loan market news.
PMPÆs A$330 million multi-tranche facility has been signed as club via a syndicate of four banks.
The deal comprises a A$150 million five year term loan, a A$105 million eight year revolver and a A$75 million one year revolving credit.
Mandated arrangers ANZ Bank committed A$130 million while Commonwealth Bank held A$100 million. Toronto Dominion Bank took A$60 million and Rabobank ended up with A$40 million.
Proceeds are to refinance existing bank facilities and for general corporate purposes....
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