loan-week-july-39

Loan week, July 3-9

A roundup of the latest syndicated loan market news.

Australia

Envestra Victoria secured a A$280 million dual-currency facility on July 7 from bookrunners Commonwealth Bank of Australia and Westpac.

The deal is split into A$225 million and $45 million three-year term loans. Mandated lead arrangers Westpac, Commonwealth Bank of Australia and Sumitomo Mitsui Banking Corp have committed A$100 million, A$75 million and A$50 million respectively. Participants Bank of Nova Scotia provided $25 million, while Mega International Commercial Bank took $20 million.

The deal is guaranteed by all entities of Envestra Group and is secured by fixed and floating charges over the borrower and the guarantors. The financing, together with a A$75 million debt facility solely provided by ANZ, are to repay a $125...

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