Loan week, August 8-12

A roundup of the latest syndicated loan market news.

Australia

A A$204 million three-year term loan for Hemmes Finance has been closed as a club deal via Commonwealth Bank of Australia and St George Bank. 

The leads contributed equally to the facility.

Proceeds are to refinance existing indebtedness.

Visy Packaging Properties’ A$400 million dual tranche term loan was signed last Wednesday August 4 via bookrunners and mandated lead arrangers Commonwealth Bank of Australia and National Australia Bank.

The package comprises a A$300 million three-year tranche and a A$100 million four-year portion.

Syndication saw ANZ, HSBC and Westpac joining as participants. All banks contributed A$80 million apiece.

Proceeds are to refinance existing debt facilities.

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