Baosteel Resources Australia has inked a $566 million one-year bridge facility through mandated lead arrangers ANZ, Commonwealth Bank of Australia, Standard Chartered and Westpac on a club basis.
The financing is guaranteed by Baosteel Resources.
Final allocations saw ANZ and Commonwealth Bank of Australia take $189 million each while Westpac and Standard Chartered provided $142 million and $47 million, respectively.
Proceeds are to support the acquisition of 80.29% stake in Aquila Resources.
Brookfield Capital Management has obtained a A$520 million three-year term loan through bookrunners and mandated lead arrangers ANZ and NAB.