Loan week, October 22-28

A roundup of the latest syndicated loan market news.


Sydney Airport Finance successfully secured a A$1.1 billion multi-tranche refinancing in mid-October on a club basis via a consortium of eight mandated lead arrangers.

Guaranteed by Sydney Airport Corp, the revolving credit is split into a A$362 million three-year portion, a A$36 million four-year tranche, a A$438 million facility and a A$227 million seven-year loan. The margins for the tranches are 200bp, 210bp, 230bp and 250bp over the BBSW respectively.

Final allocations saw mandated leads Commonwealth Bank of Australia...

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