loan-week-may-1521

Loan week, May 15-21

A roundup of the latest syndicated loan market news.

Australia

ABB Grain has secured a A$1.2 billion one-year extension from sole bookrunner Commonwealth Bank of Australia.

The debt package comprises a A$400 million term loan and an A$800 million revolving credit. Final allocations saw mandated lead arrangers Commonwealth Bank of Australia contributing A$390 million and Rabobank Australia holding A$255 million. Arrangers Westpac, ANZ and National Australia Bank committed A$183 million, A$174 million and A$129 million respectively. Participant HSBC rounded out the group with a hold of A$69 million.

Proceeds are to extend a facility of the same size signed in August 2008.

A A$450 million dual-currency fundraising for Telstra Corp was upsized from A$300 million and signed on May 19 via mandated lead arrangers...

¬ Haymarket Media Limited. All rights reserved.

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