United Energy Distributionhas completed a A$500 million multi-tranche facility on a club basis through mandated leads ANZ, Bank of Tokyo-Mitsubishi UFJ, Commonwealth Bank of Australia, National Australia Bank, Sumitomo Mitsui Banking Corp and Westpac.
The deal is split into a A$120 million seven-year loan, a A$120 million three-year facility and a A$260 million revolvers.
Final allocations saw ANZ and Westpac give A$110 million each while Bank of Tokyo-Mitsubishi UFJ, Commonwealth Bank of Australia and National Australia Bank lent A$80 million a piece. Sumitomo Mitsui Banking Corp took A$40 million.
Proceeds are to refinance a A$450 million...