loan-week-february-29march-6

Loan week, February 29-March 6

A roundup of the latest syndicated loan market news.
Australia

Abacus Fund ManagementÆs A$550 million dual tranche fundraising was completed on February 29 as a club deal via mandated leads ANZ, Commonwealth Bank of Australia and St George Bank.

The loan comprises two revolvers in the form of a A$400 million three-year tranche and a A$150 million 18-month portion.

Allocations saw ANZ holding A$250 million while Commonwealth Bank of Australia and St George Bank contributed A$150 million apiece.

Syndication is ongoing for Coffey InternationalÆs A$200 million five-year bullet facility via sole lead ANZ.

The proceeds from the multi-currency debt package are to support acquisitions and refinance existing debt.

Peoplebank AustraliaÆs A$59 million three-year credit has been inked on a...
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