A A$1.43 billion three-year bullet debt package for ABC Learning Centres has been completed via a syndicate of eight banks.
The loan comprises a A$1.31 billion credit and two A$60 million portions, of which one is solely funded by Westpac Banking Corp and the other is a letter of credit jointly provided by Commonwealth Bank of Australia and Westpac Banking Corp.
Final allocations saw leads Westpac committing A$300 million while Commonwealth Bank of Australia contributed A$280 million. ANZ took A$250 million while National Australia Bank lent A$200 million. Co-arranger Mizuho Corporate Bank held A$150 million.
Senior lead manager BankWest provided A$100 million while lead managers Bank of America and Citi ended up with...