loan-week-february-1319

Loan week, February 13-19

A roundup of the latest syndicated loan market news.

Australia

A $190 million senior debt facility for Mirabela Nickel is in progress with five banks processing their credit approvals. Commitments are expected to be finalised shortly.

Proceeds are to support the Santa Rita Nickel project in Brazil.

An extension to Viridis Clean Energy Group's A$84 million facility that is due to mature in May this year was approved on February 17 via mandated leads ABN AMRO and Investec Bank. The loan is now extended to July 2010 and pays a spread of 600bp over BBSY.

Proceeds are for general corporate purposes.

India

Chinatrust Commercial Bank, DBS and Standard Chartered Bank are processing credit approvals for Indian Railway Finance Corp IRFC's fundraising....

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