Billabong International has signed a $790 million dual-tranche multi-currency revolver via bookrunners and mandated lead arrangers Commonwealth Bank of
The facility is split equally into a three-year tranche and a four-year portion.
The leads and mandated lead arrangers
Proceeds are to refinance a A$600 million loan signed in 2008.
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.
Final allocations saw the sole lead take Rs2.5 billion, while Punjab National Bank, Saraswat Cooperative Bank,
Proceeds are to support a
Essar Steel has secured a Rs173.3 billion 7.5-year term loan via sole bookrunner and mandated lead arranger SBI Capital Markets.
The facility has an average life of 4.4 years and will be repaid in 30 quarterly instalments.
Final allocations saw State Bank of India contribute Rs70.0 billion, while IDBI Bank and Canara Bank gave Rs20.5 billion and Rs17.6 billion respectively. Punjab National Bank and Union Bank of
Proceeds are for capital expenditure purposes.
Oceanic Crusader’s $24 million five-year term loan has been signed on a club basis via mandated lead arrangers Natixis (
Syndication saw Natixis commit $20 million, while Bank of America joined in with $4 million.
Proceeds are for ship financing purposes.
A $133 million dual-tranche financing for Offshore International was sealed in early August via mandated lead arrangers
The seven-year transaction is split into a $110 million portion and a $23 million term loan.
The deal is guaranteed by Larsen & Toubro and Sapuracrest Petroleum. Proceeds are to finance the purchase of a heavy-lift pipe-laying vessel.
A S$1.8 billion project financing for Singapore Sports Hub was signed on August 25 via Bank of Tokyo-Mitsubishi UFJ,
The loan is borrowed via SportsHub, and consists of a S$1.5 billion 10-year term loan and a S$266 million three-year and seven-month equity bridge facility. The margin for the S$1.5 billion tranche is 250bp for the first five years with a step-up to 275bp thereafter. The S$266 million portion is priced at 175bp.
Proceeds are to finance the construction, operation and maintenance of a sports and leisure complex in
A $21 million three-year debt package for Boltun BVI Corp was signed last week as a club deal via equal-status arrangers China Development Industrial Bank, Chinatrust Commercial Bank, E Sun Commercial Bank, Land Bank of Taiwan, Mega International Commercial Bank, Taipei Fubon Commercial Bank and Taishin International Bank.
Guaranteed by its parent company Boltun Corp, the deal comprises a $21 million standby letter of credit and an $11 million term loan, which are priced at a fixed 100bp per annum and 100bp over Libor respectively. The sum of the two tranches cannot exceed $21 million.
Proceeds are for refinancing debt, working capital and investment purposes.
Chi Mei Materials Technology Corp’s NT$4.0 billion financing has been completed via mandated lead arrangers Bank of Taiwan, Cathay United Bank, Chang Hwa Commercial Bank, E Sun Commercial Bank, First Commercial Bank, Hua Nan Commercial Bank, Land Bank of Taiwan, Mega International Commercial Bank and Taiwan Cooperative Bank.
The financing consists of a NT$3.0 billion three-year term loan and a NT$2.0 billion five-year revolver, although the sum of the two tranches cannot exceed NT$4.0 billion.
Shanghai Commercial & Savings Bank joined in as a participant. Proceeds are to refinance a loan signed in 2006 and for working capital purposes.
Eversol Corp obtained a NT$4.1 billion five-year facility on August 23 via mandated leads First Commercial Bank, Land Bank of
The facility is split into NT$2.3 billion and NT$1.2 billion term loans and a NT$550 million revolver, which are priced between 90bp and 95bp over the 90-day secondary CP rate.
Final allocation saw First Commercial Bank take NT$1.2 billion, while Land Bank of
Proceeds are for the refinancing of an existing NT$4.1 billion loan signed in 2008, capital expenditure and working capital purposes.
A $100 million seven-year term loan for Goldsun Cement (
The loan offers a margin of 75bp over Libor with a three-year grace period.
Syndication saw Cathay United Bank, First Commercial Bank, Hua Nan Commercial Bank, Shanghai Commercial & Savings Bank, Taiwan Business Bank and Taiwan Cooperative Commercial Bank join in as participants.
Proceeds are for capital expenditure.
A NT$2.5 billion five-year revolving credit for P-Two Industries and two of its affiliates has been signed via joint bookrunners First Commercial Bank and Mega International Commercial Bank.
The revolver is split into a NT$2.5 billion tranche, a $50 million tranche and a $50 million portion – all of which cannot exceed NT$2.5 billion in total.
Cathay United Bank, Chang Hwa Commercial Bank, E Sun Commercial Bank, Hua Nan Commercial Bank, Taiwan Cooperative Bank and Yuanta Commercial Bank joined in at lower tiers.
Proceeds are to refinance an existing loan signed in April 2007 and for working capital purposes.
RichPower Electronic Devices has secured a NT$1.8 billion three-year dual-currency revolver via joint arrangers Bank Sinopac, E Sun Commercial Bank and Taiwan Cooperative Bank.
The bullet revolver features a spread of 65bp over the secondary CP rate and 75bp over Libor when drawn in New Taiwan dollars and US dollars respectively.
Final allocation saw E Sun Commercial Bank, Taiwan Cooperative Bank and Bank Sinopac take NT$425 million, NT$375 million and NT$300 million respectively, while co-arranger Chang Hwa Commercial Bank committed NT$250 million. Cathay United Bank, Far Eastern International Bank and First Commercial Bank pledged NT$150 million apiece.
Proceeds are for working capital purposes.