Boart LongyearÆs $585 million multi-tranche credit has closed in syndication. ABN Amro, nabCapital and RBS are the lead arrangers. Allocations should be available soon.
ANZ Investment Bank, Deutsche Bank and JP Morgan have won an A$1.8 billion mandate from ING Industrial Fund IIF.
The multi-currency revolving facility is scheduled to be launched in September, with about 20 to 25 banks to be approached.
Proceeds will go towards refinancing an A$1.8bn 364-day club loan signed in June provided by the mandated arrangers. It will also be used for general fund purposes.
IIF is a listed property trust investing in prime industrial properties and business parks in key global markets and its operations include...