loan-week-february-27march-5

Loan week, February 27-March 5

A roundup of the latest syndicated loan market news.

Australia

Macquarie Bank has underwritten a A$68 million six-year project financing for Catalpa Resources' Edna May Gold Project.

The debt package comprises a A$55 million secured tranche, a standby mezzanine portion of up to A$10 million and a A$3 million performance bond facility.

The project is forecast to generate an average annual cash operating margin of A$90 million post royalty. In addition, Catalpa will be issuing Macquarie Bank with options over fully paid ordinary shares in Catalpa.

Proceeds are to finance a A$92 million project in Westonia.

Lynas Corporation has canceled a $105 million senior debt facility because it would not be able to satisfy the conditions of a first drawdown by March...

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