PBL MediaÆs A$4.2 billion financing has been launched into general syndication via joint mandated arrangers UBS and Credit Suisse. The six year facility is split between a A$630 million term tranche ôAö, a A$2.62 billion term tranche ôBö, a A$150 million revolver and a A$300 million term loan.
Joining as arrangers, ABN Amro, Bank of America, BNP, BOS International, Calyon, RBS and Westpac have already pledged to underwrite A$400 million apiece with holds at A$150million, A$200 million and A$250 million. Fees were 175bp, 185bp and 195bp for the hold levels respectively. Lead managers GE Commercial, HSH Nordbank, ICBC, WestLB, UOB and ING have committed to underwrite A$200 million each...
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