Loan week, Aug 7-13

Australia

Roaring 40s Renewable Energy has completed a A$195 million project financing via mandated lead arrangers ANZ, Banco Bilbao Vizcaya Argentaria, Calyon and National Australia Bank on a club basis.  

The 18-month construction facility will be converted into a three-year term loan. Each lender provided A$49 million each.

The proceeds will be used to fund a A$285 million project that involves the development of a 111MW Waterloo wind farm in South Australia.

United Group has secured $135 million via a series of multi-currency bilateral facilities from ANZ, National Australia Bank and Westpac.

The cash will refinance A$190 million loans maturing in July 2010. The new maturity will be on 31 July, 2012.

China

Weiqiao Textile signed a $100 million debt package last week with bookrunners Calyon and Royal Bank of Scotland. China Construction Bank (Asia) and Wing Lung Bank joined in as equal-status lead arrangers.

The three-year facility features both an accordion and a greenshoe option of up to $150 million. The loan pays a spread of 180bp with a top level all-in of 220bp.

Syndication saw Bangkok Bank, Bank of East Asia, China Construction Bank (Hong Kong), Dah Sing Bank, Hang Seng Bank, Intesa Sanpaolo, Oversea-Chinese Banking Corp and  Union de Banques Arabes et Francaises (Hong Kong) joining in as participants. A couple more lenders are expected to participate in the deal.

The proceeds are to refinance a previous $280 million debt facility signed in August 2006 and for working capital purposes.

Hong Kong