loan-week-august-17

Loan week, August 1-7

A roundup of the latest syndicated loan market news.
Australia

A A$1.2 billion multi-tranche debt package for ABB Grain was sealed on July 31 via mandated leads and bookrunners Commonwealth Bank of Australia and Rabobank.

The deal is split into three equal tranches a credit facility with a tenor of 364 days and two three-year revolvers.

Syndication saw ANZ and Westpac coming in as senior co-arrangers, while National Australia Bank joined in as a co-arranger. HSBC was a lead manager.

Proceeds are to refinance existing debt and for capital expenditure purposes.

Namoi Cotton FinanceÆs A$80 million facility was signed on August 1 via mandated leads ANZ and Cooperatieve Centrale Raiffeisen-Boerenleenbank on a club basis. The mandated leads each committed A$40 million.

The loan...
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