Southern Cross Media Australia has successfully completed a A$765 million four-year multi-tranche facility through joint bookrunners ANZ, Commonwealth Bank of Australia and National Australia Bank. The transaction is fully underwritten by the joint bookrunners and general syndication was launched in March 2011.
Syndication saw GE Capital join as mandated lead arranger while SMBC and Natixis came in as lead arrangers.
Proceeds are to support the borrower’s acquisition of Austereo Group, to refinance a A$375 million facility signed in March 2010, and for general corporate purposes.
Xinyi Group Glass completed...