loan-week-february-612

Loan week, February 6-12

A roundup of the latest syndicated loan market news.

Australia

According to the borrower, Mirvac Property Trust's $805 million refinancing facility was signed on February 6 via a consortium of nine banks.

The new maturity date for the three-year unsecured term loan is 31 January, 2012, and the deal features a 275bp fee, inclusive of line fees and margin.

Proceeds are to refinance a previous $1.1 billion syndicated loan maturing in June 2009 and for working capital purposes.

Syndication of Wesfarmers' A$4 billion dual tranche facility is still ongoing in the market via mandated lead arrangers ANZ, BNP Paribas and NAB.

The financing is equally split into three- and four-year term loans which pay a spread of 200bp and 250bp...

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