A A$550 million 2.5-year dual-tranche financing for AGL Energy has been inked via lead arrangers and bookrunners Royal Bank of Scotland and Westpac. The deal was increased from A$500 million.
The credit is split between a A$222.5 million tranche and a A$327.5 million revolver.
Syndication saw a total of 15 banks joining in û ANZ, Banco Bilbao Vizcaya Argentaria, Bank of China Macau Branch, Bank of China Sydney Branch, Bank of Tokyo-Mitsubishi UFJ, BayernLB, Citi, Commonwealth Bank of Australia, Fortis Bank Singapore Branch, JPMorgan, Mega International Commercial Bank, Mizuho Corporate Bank, Oversea-Chinese Banking Corp, Scotia Bank and Toronto Dominion Bank. Allocations have not been disclosed.