loan-week-may-15--19-2006

Loan Week, May 15 - 19 2006

A round up of the latest syndicated loan market news.
Australia

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...
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