loan-week-august-31september-6

Loan Week, August 31-September 6

A roundup of the latest syndicated loan market news.
Australia

Babcock Brown Power SPVs BBI PipeCat and BBI PowerCatÆs, A$2.1 billion dual tranche financing has been completed via sole lead arranger Commonwealth Bank of Australia.

The loan comprises a A$1.6 billion one year limited recourse facility, tranche æAÆ and a separate A$518 million one year credit, tranche æBÆ.

Tranche æAÆ saw Commonwealth Bank, ANZ, BNP Paribas and Dexia Bank each provide A$395.3 million while tranche æBÆ saw the same banks holding A$129.5 million apiece.

Proceeds are to support Babcock Brown Infrastructure, Babcock Brown Power, Babcock Brown Wind Partners and Singapore PowerÆs acquisition of energy infrastructure group Alinta.

FOXTEL ManagementÆs A$740 million five year credit was completed on September...
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