A A$250 million multi-tranche facility supporting the leveraged buyout of MYOB has been inked via bookrunners Calyon, UBS and Royal Bank of Scotland, with ANZ, Bank of Scotland, WestLB and Westpac joining at the top.
The deal is split into A$100 million and A$135 million term loans and a A$15 million revolving credit. The top level margin is north of 300bp over BBSY.
Proceeds are to fund the Archer Capital and HarbourVest Partners-led leveraged buyout of MYOB.
WorleyParsons' $300 million refinancing was completed last week via Commonwealth Bank of Australia, HSBC, Royal Bank of Scotland and Westpac on a club basis.
The financing comprises...