A $588.5 million multi-tranche financing for PaperlinX has been completed via mandated lead arrangers Commonwealth Bank of Australia and National Australia Bank.
The loan comprises a $262.2 million three-year bullet, a $75 million one-year credit and a $250.7 million revolver.
Final allocations saw Commonwealth Bank of Australia commit $189 million while National Australia Bank provided $163.4 million.
Lenders Westpac Banking Corp contributed $80 million while ANZ held $75 million. HSBC took $61.1 million while Deutsche Bank ended up with $20 million.
The funds are to refinance existing debt and for general corporate purposes.
Huawei-3Com HoldingsÆ $800 million dual tranche LBO financing led by ABN AMRO, Bank of China, Citi, HSBC...