DBNGP FinanceÆs A$555 million five year dual tranche loan was completed on a club basis and signed on May 11. The facility is split into A$205 million and A$350 million term loans. Proceeds are to refinance existing debt.
Mandated arrangers ANZ, Barclays, BNP Paribas, Bank of Tokyo-Mitsubishi UFJ, Commonwealth Bank of Australia, Citibank, National Australia Bank, Societe Generale, WestLB and Westpac each contributed A$55.5 million.
Incitec Pivot has mandated Credit Suisse to lead arrange a A$400-A$500 million financing. The lead bank has fully underwritten the facility.
The deal carries a tenor of up to six years and banks will be invited to bid for pricing and terms. Proceeds are to...