loan-week-march-713

Loan week, March 7-13

A roundup of the latest syndicated loan market news.
Australia

A A$375 million three-year financing for Australian Retirement Homes and FKP is expected to be signed later this month via sole bookrunner ANZ.

So far, syndication has seen Bank of New Zealand Australia Branch and Suncorp Metway joining in. Proceeds are to refinance existing debt

ANZ, Bank of Australia International and Royal Bank of Scotland have been mandated to arrange a A$170 million multi-tranche LBO financing for BNT Holdco, an SPV for Bras N Things.

The loan comprises an A$80 million six-year bullet, a A$50 million amortising loan, a A$30 million seven-year revolver and a A$10 million portion.

Syndication is expected to be launched at the end of March.

A $170...
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