loan-week-june-17

Loan Week, June 1-7

A roundup of the latest syndicated loan market news.
Australia

Beach PetroleumÆs A$300 million dual tranche revolving credit has been completed as a club via Commonwealth Bank of Australia and Societe Generale Australia, both of which took A$150 million each.

The facility carries a tenor of three years and the funds are to refinance existing debt.

China

China Southern AirlinesÆ $107 million 14 year facility was signed on May 24 via sole mandated lead arranger DBS Bank.

Syndication saw only Bank of China Tokyo Branch joining as a participant.

The deal has an average life of seven years and proceeds are to finance the purchase of four Boeing aircraft.

China Development Bank and Korea Development Bank have been mandated for Hynix-ST Semi Conductor WuxiÆs...
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