GUD HoldingsÆ A$180 million dual tranche financing has been signed on a club basis via ANZ and Westpac Banking Corporation, with each bank committing A$90 million.
The loan was split equally into two A$90 million tranches and features tenors of one and three years respectively.
Syndication of Tatts GroupÆs A$1 billion multi-tranche financing, which was launched to the market on April 23, has generated strong interest with ANZ committing as an early bird to the deal. Commonwealth Bank of Australia, National Australia Bank, Royal Bank of Scotland and Westpac Banking Corporation are leading the facility.
The loan comprises a A$200 million one-year credit, a A$620 million three-year tranche and a A$180 million five-year portion....