Hexion Specialty Chemical has completed itÆs A$110 million dual tranche facility via sole mandated arranger Commonwealth Bank of Australia. The deal is split into a A$100million five year term portion, tranche æAÆ, and a A$10 million one year revolving credit tranche æBÆ.
In tranche æAÆ, Commonwealth Bank of Australia pledged A$54.5 million while lenders Bank West and St George Bank ended up with A$22.75 million apiece.
Tranche æBÆ saw Commonwealth Bank of Australia put in A$5.4 million while Bank West and St George Bank each took A$2.3 million.
Proceeds will be used for acquisition purposes.
Citic GroupÆs $200 million five year facility has been allocated. Mandated arranger Bank of Tokyo-Mitsubishi UFJ contributed...