Loan Week, August 2-8

A roundup of the latest syndicated loan market news.

Australia

Beach Energy has secured a A$320 million revolver through bookrunners and mandated lead arrangers ANZ and Commonwealth Bank of Australia.

The facility is split into a A$150 million three-year tranche, a A$150 million five-year portion and a A$20 million three-year tranche.

Final allocations saw the leads provide A$110 million apiece while HSBC and NAB joined in with A$50 million each as mandated lead arrangers.

Proceeds are to refinance existing indebtedness.

Hong Kong

NewOcean Energy Holdings has secured an $80 million-equivalent three-year deal through mandated lead arrangers DBS, Hang Seng Bank, HSBC and...

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