Loan Week, February 10-16

Australia

Electranet has obtained a A$200 million three-year revolver on a club basis through a consortium of four mandated lead arrangers.

Final allocations saw ANZ, Commonwealth Bank of Australia, NAB and Westpac commit A$50 million each.

Proceeds are for refinancing, capital expenditure and working capital purposes.

Spotless Group has signed a A$240 million loan on a club basis though a consortium of three banks.

The debt package is split into a A$90 million one-year revolver and term loans of A$90 million and A$60 million with tenors of three and five years, respectively.

Final allocations...