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...