loan-week-july-1016

Loan week, July 10-16

A roundup of the latest syndicated loan market news.

Australia

AMT Management successfully secured a A$515 million multi-tranche facility on July 14 from a consortium of six local and international banks.

The deal comprises a A$190 million three-year tranche, a A$265 million five-year facility and a A$60 million seven-year term loan. Proceeds are to refinance an existing A$980 million non-recourse facility to fund a project in Australia.

Mandated lead arranger Calyon committed A$125 million. ANZ and Commonwealth Bank of Australia provided A$100 million each, while Westpac held A$90 million. Bank of Tokyo-Mitsubishi UFJ and Mizuho Corporate Bank each came in with A$50 million tickets.

The margin of the current refinancing for the three-year tranche is approximately 75bp above the existing level, while the weighted...

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