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...