Loan week, March 19-25

A roundup of the latest syndicated loan market news.

Australia

Freight Rail Equipment's A$191 million multi-tranche facility has been signed via ACME Funds Management, Commonwealth Bank of Australia, GE Capital Finance and Suncorp Metway.

The deal is split into A$145 million, A$8 million and A$39 million five-year term loans.

Proceeds are for general corporate purposes.

Southern Cross Media Australia's A$375 million fundraising has been inked on a club basis via mandated leads ANZ, Bank of Scotland International, GE Capital, Macquarie Bank, National Australia Bank and WestLB.

The transaction is split into a A$225 million facility, a A$75 million term loan and a $75 million revolving credit.

Final allocations saw National Australia Bank take A$115 million, while ANZ joined in...

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