M2 Telecommunications Group has signed a A$400 million three-year financing through mandated leads Commonwealth Bank of Australia, Goldman Sachs, HSBC, National Australia Bank and Westpac on a club basis.
Final allocations saw Commonwealth Bank of Australia provide A$125 million while National Australia Bank and Westpac took A$100 million each. HSBC committed A$50 million while Goldman Sachs contributed A$25 million.
Proceeds are to support the A$204 million acquisition of Dodo Australia Holdings from Eftel, and for general corporate purposes.
Giovanna Acquisition completed a $1.5 billion facility last Thursday May 20...