Loan week, August 20-26

Australia

Billabong International has signed a $790 million dual-tranche multi-currency revolver via bookrunners and mandated lead arrangers Commonwealth Bank of Australia and Westpac.

The facility is split equally into a three-year tranche and a four-year portion.

The leads and mandated lead arrangers ANZ and National Australia Bank gave $75 million each. Participants Societe Generale contributed $45 million, while Bank of America Merrill Lynch and HSBC lent $25 million apiece.

Proceeds are to refinance a A$600 million loan signed in 2008.

India

Birla Surya has secured a Rs9.7 billion project financing via sole mandated lead arranger SBI Capital Markets.

Sponsored by Yash Birla Group, the eight-year term loan will be repaid in 32 quarterly instalments.

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