loan-week-july-1723

Loan week, July 17-23

A roundup of the latest syndicated loan market news.

Australia

Boart Longyear has formally mandated bookrunners ANZ, Bank of America, BNP Paribas, Commonwealth Bank of Australia, National Australia Bank and Royal Bank of Scotland to arrange a refinancing to repay and extend existing debt facilities of up to A$850 million.

According to the borrower, the new facility will feature a reduced amount, extended tenor, increased pricing and amended financial covenants.

ElectraNet has successfully secured a A$200 million three-year bullet loan from a consortium of four domestic banks on a club basis.

Mandated lead arrangers ANZ, Commonwealth Bank of Australia, National Australia Bank and Westpac provided A$50 million apiece.

Proceeds are to repay the borrower's existing bond issues.

A A$191 million club...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222