Clough has completed a A$200 million three-year multi-tranche revolver, arrangedas a club deal by Commonwealth Bank of Australia, Export Finance Insurance Corp, HSBC and National Australia Bank. The debt package is split into a A$20 million facility, a A$130 million tranche and a A$50 million portion. Proceeds are for working capital and bank guarantee issuance purposes.
Ten Network Holdings’ A$350 million three-year revolver was signed last week via a consortium of five banks. The mandated leads wereANZ, Commonwealth Bank of Australia, National Australia Bank and Westpac, while JP Morgan joinedinas co-arranger. Proceeds are to refinance a A$630 million facility signed in April 2008.