Loan Week, December 2-8

A digest of the latest loan news.


Seven MediaÆs A$2.65 billion leveraged buyout facility has been launched via mandated lead arrangers Morgan Stanley, Goldman Sachs JBWere and Citigroup. The senior debt comprises a A$2.1 billion six year tranche æAÆ, a A$200 million six year revolving credit æBÆ and a A$350 million six year term tranche æCÆ. There is another A$400 million 6.5 year subordinated debt portion.

Both tranches æAÆ and æBÆ offer a margin of 237.5bp over BBSY and tranche æCÆ is priced at...

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