Loan Week, January 9-15

A roundup of the latest syndicated loan market news.

Australia

Pyrenees Wind Energy Developments Pty Ltd has secured a A$277 million five-year term loan through bookrunners and mandated lead arrangers Credit Agricole, NAB and Westpac.

Proceeds are to refinance existing indebtedness.

China

Shanghai Jin Jiang International Hotels (Group) has obtained a $250 million three-year credit facility through bookrunners and mandated lead arrangers ANZ and Standard Chartered.

Final allocations saw Standard Chartered lend $75 million while ANZ committed $50 million. China Construction Bank, ICBC and Shanghai Pudong Development Bank came in with $42 million each as mandated lead arrangers.

Proceeds are for general corporate purposes.

Korea
HLA, HLB, SHIKC2 Shipholding, SMKLC LNG1 and SMKLC LNG2 has sealed a $1 billion 13-year term loan through joint bookrunners and mandated lead arrangers ANZ, Bank of America Merrill Lynch, Bank of Tokyo-Mitsubishi UFJ, KDB, NAB, Standard Chartered Bank and SMBC.

The deal is guaranteed by Korea Gas Corp.

Syndication saw Credit Industriel et Commercial and Skandinaviska Enskilda Banken join in as mandated lead arrangers.

Proceeds are to support shipping finance.

Maldives

Salt Bidco has secured a $200 million five-year term loan through bookrunners and mandated lead arrangers Deutsche Bank and HSBC.

Final allocations saw Deutsche Bank pledge $75 million while HSBC provided $60 million. ING joined in with $30 million as mandated lead arranger while Siemens and PGGM came in with $15 million each as lead arrangers. Taipei Fubon Commercial Bank concluded the syndicate with $5 million.

Proceeds are to refinance existing indebtedness.

India

Air India has completed a $100 million one-year term loan through bookrunners and mandated lead arrangers Deutsche Bank and Standard Chartered.

ICBC and Union Bank of India came in as mandated lead arrangers.

Proceeds are to support aircraft financing.

United States

Nextel Systems Corp has inked a $750 million eight-year buyer credit on a club basis through mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Credit Agricole, Deutsche Bank, Mizuho, RBS and SMBC.

Proceeds are for capital expenditure purposes.

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