Alumina has successfully raised $700 million from the market via a multi-tranche revolving credit provided by four banks.
Mandated arranger Westpac took $85.714 million while lenders include Commonwealth Bank of Australia with a ticket of $107.143 million, Bank of America with $53.571 million and Bank of Tokyo-Mitsubishi UFJ taking $53.571 million.
The facility comprises a $150 million five-year tranche æAÆ, a $250 million three-year tranche æBÆ and a $300 million one-year tranche æCÆ. Proceeds are for working capital purposes and to refinance existing debt.
Brambles IndustriesÆ A$1.445 billion facility was pre-funded on July 5 via five underwriters. ANZ Investment Bank, Citigroup, Credit Suisse, HBOS and UBS have fully underwritten the deal with commitments...