loan-week-february-1016

Loan Week, February 10-16

A roundup of the latest syndicated loan market news.
Australia

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.

China

Citic GroupÆs $200 million five year facility has been allocated. Mandated arranger Bank of Tokyo-Mitsubishi UFJ contributed...
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