loan-week-july-1824

Loan week, July 18-24

A roundup of the latest syndicated loan market news.
Australia

A A$518 million facility for BBI AET D Holdings No. 2, an SPV of Babcock and Brown Infrastructure, has been sealed as a club deal via a syndicate of seven banks.

The deal is split equally into two- and three-year term loans, paying a spread of 140bp and 160bp over BBSY respectively.

Final allocations saw the mandated leads lending A$74 million each.

Proceeds are to refinance an existing A$518 million acquisition bridge loan signed last August.

India

A $105 million six-year dual-tranche debt package for 3i Infotech has been signed oversubscribed via a consortium of five mandated arrangers on a club basis.

The loan comprises a $65 million senior portion and a $40...
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