loan-week-april-410

Loan week, April 4-10

A roundup of the latest syndicated loan market news.
Australia

Candlestick BidcoÆs A$610 million dual tranche fundraising has been completed on a club basis via a group of four mandated lead arrangers.

The loan comprises a A$540 million three year revolvingterm loan and a $70 million three year bullet.

Final allocations saw ANZ provide A$220 million while Suncorp-Metway contributed A$170 million. BOS International Australia committed A$145 million while National Australia Bank took A$75 million.

Proceeds are to refinance existing debt and to fund acquisitions.

A A$2.26 billion multi-tranche LBO facility for Ned Group Holdings, an SPV of Coates Hire, is still in general syndication, ABN AMRO, ANZ, Calyon, Mizuho Corporate Bank, Sumitomo Mitsui Banking Corp and Westpac Banking Corp...
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