loan-week-february-2228

Loan week, February 22-28

A roundup of the latest syndicated loan market news.
Australia

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

China

Huawei-3Com HoldingsÆ $800 million dual tranche LBO financing led by ABN AMRO, Bank of China, Citi, HSBC...
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