loan-week-june-26july-2

Loan week, June 26-July 2

A roundup of the latest syndicated loan market news.

Australia

A $100 million three year bullet loan for Redflex Holdings was signed on Tuesday June 30 via sole mandated lead arranger and bookrunner Commonwealth Bank of Australia.

The lead contributed $40 million while participants National Australia Bank and Westpac took $30 million each.

According to Redflex, the deal is priced at around 600bp and the covenants of this current facility are generally consistent with the previous loan.

Proceeds are to refinance an existing $65 million financing and for working capital purposes.

Transpacific Industries Group's A$1.44 billion multi tranche fundraising has been signed via bookrunners ANZ, Commonwealth Bank of Australia and National Australia Bank....

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