A $712 million-equivalent dual tranche financing for BBI Financewas signed on March 13 via a syndicate of 11 banks.
The loan comprises a A$150 million three-year bullet, an A$85 million five-year revolver, a $275 million three-year loan and a $225 million five-year credit.
ANZ, Commonwealth Bank of Australia, Dresdner Bank and Royal Bank of Australia are the original mandated arrangers. Joining the syndicate as arrangers were DnB Nor Bank, KFW Bank and Natixis, while National Australia Bank, Oversea-Chinese Banking Corporation and Societe Generale joined as managers.
Leads Commonwealth Bank of Australia and Westpac have sealed a A$1.6 billion multi-tranche fundraising for Goodman Australia Industrial Fund.
The financing is split between...