Loan week, August 20-26

A summary of the latest syndicated loan market news.

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.

Final...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222