loan-week-june-23--june-30

Loan Week, June 23 - June 30

A round up of the latest syndicated loan market news.
Australia

Brisbane Airport Corporation has signed its A$100 million three year financing on a club basis on June 26. Mandated arrangers Bank of Tokyo-Mitsubishi UFJ, WestLB Sydney and Westpac committed A$100 million apiece. Brisbane Airport is providing a guarantee. Proceeds are for general corporate purposes and to refinance existing debt.

Fertiliser-maker Incitec PivotÆs A$420 million term facility is progressing in general syndication. The five year facility has received commitments from five banks. They are ANZ Bank, Commonwealth Bank of Australia, National Australia Bank, Westpac and Rabobank. Sole mandated lead arranger Credit Suisse has fully underwritten the facility. Proceeds will be used to support the acquisition of Southern Cross Fertilisers from BHP Billiton....
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