loan-week-august-814

Loan week, August 8-14

A roundup of the latest syndicated loan market news.
Australia

Sonic HealthcareÆs A$160 million three year revolving term loan was inked at the beginning of the month via mandated lead arrangers Commonwealth Bank of Australia and Westpac as a club deal.

Allocations saw the banks holding A$80 million apiece. The funds are for working capital purposes.

China

An $81 million-equivalent dual currency facility for SGIS Songshan has been completed via sole mandated arranger and bookrunner BNP Paribas.

The deal comprises a $41 million term loan, priced at 275bp over Libor and a RMB273 million portion paying a spread of 105% of the PBOC rate. Both tranches have a tenor of three years.

Final allocations in US dollar-equivalent saw BNP Paribas holding $10...
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