Australia
Consolidated Press (Finance) has completed a A$800 million revolver through bookrunners and mandated lead arrangers ANZ, NAB and Westpac.
The facility is split into four tranches of A$88 million, A$313 million, A$243 million and A$158 million tranches.
Final allocations saw ANZ commit A$200 million while NAB pledged A$175 million. Westpac provided A$100 million while Bank of China joined in with A$150 million as mandated lead arranger. Commonwealth Bank of Australia lent A$100 million while Bank of America came in with A$50 million as arranger. BNP Paribas ended up with A$25 million as lead manager.
Proceeds are to refinance an existing A$500 million facility signed in December 2010.
China
Bright Food Hong Kong has obtained a $850 million facility on a club basis through mandated lead arrangers Bank of China, China Development Bank, HSBC, NAB, Rabobank and RBS.
Guaranteed by Bright Food (Group), the facility is split into a $550 million three-year term loan and a $300 million 364-day bridge-to-bond portion.
Final allocations saw China Development Bank commit $275 million while HSBC pledged $150 million. Rabobank and RBS lent $130 million each while Bank of China provided $115 million. NAB ended up with $50 million.
Proceeds are to support the acquisition of a 60% stake in Weetabix.
Japan
Sumitomo Chemical has secured a ¥21 billion 364-day revolving credit through sole bookrunner and mandated lead arranger Citi.
Syndication saw HSBC and other undisclosed lenders join in at lower tiers.
Proceeds are to refinance an existing facility signed in November 2011.
Korea
Busan Bank has inked a $100 million two-year transferrable term loan on a club basis through mandated lead arrangers ANZ, Bank of America, Chinatrust Commercial Bank, Commerzbank and Doha Bank.
Margin is 105bp over Libor.
Final allocations saw Commerzbank and Doha Bank pledge $23 million each while ANZ and Bank of America provided $20 million each. Chinatrust Commercial Bank concluded with $15 million.
Proceeds are for general corporate purposes.
Suhyup Bank has completed a $75 million one-year revolver through sole bookrunner and mandated lead arranger Mizuho.
Syndication saw ICBC join in as participant.
Proceeds are for general corporate purposes.
Macau
MGM Grand Paradise successfully concluded a $2 billion-equivalent revolving credit and term loan through mandated lead arrangers Banco Nacional Ultramarino, Bank of America, Bank of China, ICBC, Credit Agricole, Deutsche Bank, Royal Bank of Scotland and SMBC.
The fundraising is spilt into a $550 million-equivalent term loan and a $1.45 billion-equivalent revolving credit facility, which is priced at 250bp over Libor for the first six month and then ranges between 175bp to 250bp over Libor depending on MGM China’s leverage ratio.
Syndication saw Barclays, Bank of Nova Scotia, BNP Paribas, J.P. Morgan and UBS join in as lead arrangers while Banco Comercial de Macau, Morgan Stanley, Tai Fung Bank and Wing Lung Bank came in as senior managers.
Proceeds are for refinancing, future development and general corporate purposes.
Philippines
Petron Corp has obtained a $485 million five-year term loan through bookrunners ANZ, DBS, Maybank, Mizuho, Standard Chartered and SMBC.
Final allocations saw Mizuho pledge $80 million while SMBC provided $75 million. Maybank lent $70 million while DBS and Standard Chartered committed $60 million each. ANZ took $50 million while mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ, Chinatrust Commercial Bank and Mega International Commercial Bank joined in with $30 million each.
Proceeds are for capital expenditure purposes.
Singapore
OUB Centre has completed a S$370 million three-year facility through bookrunners Maybank and Standard Chartered.
The debt package consists of a S$259 million term loan and a S$111 million revolving credit which are priced at 220bp over S$ SOR.
Syndication saw ANZ join in as a mandated lead arranger.
Proceeds are for refinancing purposes.
Ying Li International Real Estate has obtained a S$100 million three-year offshore term loan on a club basis through mandated lead arrangers OCBC and Standard Chartered.
Guaranteed by Luckzone International, the facility offers a margin of 450bp over the Singapore swap offer rate.
Proceeds are for refinancing purposes.
Taiwan
DaChan Food (Asia) has completed a $50 million three-year term loan through a consortium of 11 mandated lead arrangers and bookrunners.
The financing features a spread of 170bp over Libor.
Final allocations saw the leads E.Sun Commercial Bank, Shanghai Commercial & Savings Bank, Standard Chartered, Ta Chong Bank and Taipei Fubon Commercial Bank take $5 million each while First Commercial Bank, Land Bank of Taiwan, Taishin International Bank and Taiwan Cooperative Bank lent $4 million each. Taiwan Shin Kong Commercial Bank, Yuanta Commercial Bank and arranger Export-Import Bank of the Republic of China ended up with $3 million respectively.
Proceeds are for general corporate purposes.
Yi Kao Investment has signed a NT$6.8 billion three-year bullet term loan through sole bookrunner and mandated lead arranger Taishin International Bank.
Secured by stocks, the guaranteed financing is priced at 190bp over the secondary CP rate with a commitment fee of 25bp.
Final allocations saw the sole lead lend NT$2.5 billion while lead managers Industrial Bank of Taiwan committed NT$1.2 billion. Jih Sun International Bank and managers Agricultural Bank of Taiwan, King’s Town Bank and Ta Chong Bank contributed NT$675 million each while participant EnTie Commercial Bank rounded up with syndicate with NT$400 million.
Proceeds are to refinance an existing facility signed in 2010 and for general corporate purposes.
Thailand
PTT has successfully obtained a $310 million five-year term loan as a club deal through mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ, Mizuho Corporate Bank and SMBC.
Proceeds are for investment plans, working capital and refinancing purposes.
