loan-week-may-17

Loan week, May 1-7

A roundup of the latest syndicated loan market news.

Australia

Pacific Brands' A$800 million deal signed in 2007 via mandated lead arrangers ANZ, Commonwealth Bank of Australia, HSBC, National Australia Bank and Westpac has been amended.

The facility comprises three tranches. A A$150 million portion that was upsized to A$220 million earlier this year, will be amortised over the next 18 months and will mature on January 1, 2011. A A$330 million portion of the A$400 million tranche has been extended from August 21, 2010, to March 28, 2012, while the A$250 million securitisation tranche remains unchanged.

Proceeds are for general corporate, refinancing and acquisition purposes.

SP AusNet has secured three debt facilities totaling A$275 million. The facilities feature...

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