Loan Week, February 20-26

A roundup of the latest syndicated loan market news.

Australia

Wharf Street Nominees has sealed a A$114 million three-year debt through joint mandated lead arrangers CACIB and UOB on a club basis.

Proceeds are for refinancing purposes.

Hong Kong

BrandCo 3 has secured a $80 million five-year refinancing through sole bookrunner and mandated lead arranger CTBC Bank.

Syndication saw Siemens Financial Services, Ta Chong Bank, Taipei Fubon Commercial Bank, Taishin International Bank join in as mandated lead arrangers.

Proceeds are to repay an existing loan signed on April 2012 and for general corporate purposes.

RCA01 has completed a $500 million five-year dual tranche loan package through joint bookrunners and mandated lead arrangers ANZ, Credit Suisse and Deutsche Bank.

The financing is divided into a $480 million term loan, a $20 million revolving credit and guaranteed by Spring Real Estate Investment Trust.

Syndication saw Bank of East Asia, Chong Hing Bank, Dah Sing Bank, DBS, ICBC, ING Bank, SMBC and Wing Lung Bank join in as mandated lead arrangers while CTBC Bank, Mega International Commercial Bank, Nanyang Commercial Bank, Shanghai Pudong Development Bank as lead arrangers. Chang Hwa Commercial Bank concluded the syndicate as arranger.

Proceeds are to repay existing indebtedness.

 

Philippines

URC Ociana and URC New Zealand Finance have signed a $742 million five-year term loan through bookrunners and mandated lead arrangers ANZ, Bank of Tokyo-Mitsubishi UFJ, CITI and Standard Chartered.

The transaction is guaranteed by Universal Robina Corp.

Syndication saw Bank of New Zealand, BNP Paribas, Commonwealth Bank of Australia, Rabobank, CTBC Bank, DBS, HSBC, Mizuho, SMBC and Westpac join in as lenders.

Proceeds are to support the acquisition of NZ Snack Food Holdings.

Taiwan

Kuo Cheng Development & Construction has sealed a NT$3.4 billion four-year term loan through sole bookrunner and mandated lead arranger Taiwan Cooperative Bank.

The dual tranche facility is split into a NT$1 billion credit and a NT$2.4 billion portion.

Syndication saw Land Bank of Taiwan and Mega International Commercial Bank come in as mandated lead arrangers while Agriculture Bank of Taiwan, Bank of Kaohsiung, Sunny Bank and Taishin International Bank joined in as arrangers.

Proceeds are for land purchase and building construction purposes.

Innolux Corp has obtained a NT$69 billion three-year term loan through bookrunners and mandated lead arrangers Bank of Taiwan, Chang Hwa Commercial Bank, CTBC Bank, DBS Bank, Land Bank of Taiwan, Mega International Commercial Bank, Taipei Fubon Commercial Bank and Taiwan Cooperative Bank.

Syndication saw E Sun Commercial Bank, Hua Nan Commercial Bank and Taiwan Business Bank come in as arrangers while China Development Industrial Bank, Sinopac Commercial Bank, Ta Chong Bank and Taishin International Bank joined in as managers.

Proceeds are for refinancing purposes.

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