loan-week-march-1016

Loan Week, March 10-16

A roundup of the latest syndicated loan market news.
Australia

APN MediaÆs A$2.5 billion dual currency facility has been launched into sub-underwriting via mandated arrangers Credit Suisse, Deutsche Bank, Goldman Sachs JB Were and Barclays.

The deal is split into a A$2 billion six year portion and a $425 million loan. Banks committing A$250 million or more will get the title of co-arranger.

Proceeds are to fund Independent News MediaÆs acquisition of APN News Media. Banks are expected to revert by mid-April and financial close is slated for May.

Industrial Investments Australia Finance has secured a $300 million three year fundraising on a club basis. Mandated arrangers Westpac committed $75 million, National Bank of Australia and Royal Bank of Scotland contributed $62.5...
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