loan-week-may-1622

Loan week, May 16-22

A roundup of the latest syndicated loan market news.
Australia

A A$170 million multi-tranche LBO facility for BNT Holdco, an SPV of Bras N Things, is looking to close syndication in the coming week via mandated lead arrangers ANZ, Bank of Scotland International and Royal Bank of Scotland.

The loan comprises an A$80 million six-year bullet, a A$50 million amortising loan, a A$10 million six-year revolver and a A$30 million 6.5-year subordinated debt portion.

Proceeds are to support the ANZ Capital and Hastings Private Equity-led leveraged buyout of Bras N Things.

Crown Group FinanceÆs A$600 million five-year dual tranche credit was launched into general syndication on May 9 via mandated arrangers and bookrunners ANZ, Bank of America, Commonwealth Bank of...
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