Loan week, February 3-10

A roundup of the latest syndicated loan market news.

Australia

Credit Suisse, Standard Bank and Standard Chartered Bank have been mandated by Discovery Metals to arrange a $180 million project financing facility. In addition, the leads will provide a $25 million overrun and working capital facility to finance the production.

Proceeds are to support the Boseto copper project in Botswana.

Pacific Brands’ A$500 million multi-tranche facility has been inked via bookrunners and mandated leads National Australia Bank and Westpac.

The debt package consists of a A$225 million three-year revolver, a A$175 million four-year term loan and a A$100 million five-year term loan.

Syndication saw ANZ, Commonwealth Bank of Australia and HSBC join in as lead arrangers. All banks contributed equally to the...

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