AGL Energy signed a A$1 billion dual-tranche facility on a club basis last week through a consortium of 11 mandated lead arrangers.
The self-arranged facility comprises a A$600 million three-year term loan and a A$400million five-year revolver.
Final allocations saw ANZ, Bank of China, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Commonwealth Bank of Australia, Mizuho Corporate Bank, National Australia Bank, SMBC and Westpac commit A$100 million each. Bank of Nova Scotia and Mega International Commercial Bank lent A$60 million and A$40 million respectively.
Proceeds are to refinance an existing facility signed in December 2006 and for general corporate...