Loan week, March 25-31

A roundup of the latest syndicated loan market news.
March 31, 2011

Australia

Incitec Pivot signed a A$900 million self-arranged three-year revolver on March 24 through a consortium of 11 banks.

The facility is available in Australian dollars and US dollars. Mandated leads were ANZ, Bank of America, Citi, Commonwealth Bank of Australia, Credit Suisse, HSBC, National Australia Bank, Rabobank, Royal Bank of Scotland, UBS and Westpac.

Proceeds are to refinance a A$1.7 billion facility signed in September 2008 and for working capital purposes.

Seek secured a A$340 million three-year revolver on March 28 via sole bookrunner National Australia Bank.

Final allocations saw...

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