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....