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

Loan Week, June 23 - June 30

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

Commander Communications signed its A$340 million dual tranche financing on June 30. Westpac was the sole mandated arranger.

Westpac committed A$150 million while Commonwealth Bank of Australia and National Australia Bank contributed A$95 million each. Proceeds are for general corporate purposes.

Southern Cross Broadcasting AustraliaÆs A$275 million credit signed on June 30. Mandated arranger ANZ Bank ended up with a A$165 million commitment while managers Commonwealth Bank of Australia and National Australia bank provided A$55 million apiece.

Proceeds are to refinance existing debt and for general corporate and working capital purposes.

China

The Rmb6.1 billion equivalent dual tranche 10 year financing for Bayer Polyurethane Shanghai has been allocated via mandated lead arrangers HSBC...
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