loan-week-may-411

Loan Week, May 4-11

A roundup of the latest syndicated loan market news.
Australia

PMPÆs A$330 million multi-tranche facility has been signed as club via a syndicate of four banks.

The deal comprises a A$150 million five year term loan, a A$105 million eight year revolver and a A$75 million one year revolving credit.

Mandated arrangers ANZ Bank committed A$130 million while Commonwealth Bank held A$100 million. Toronto Dominion Bank took A$60 million and Rabobank ended up with A$40 million.

Proceeds are to refinance existing bank facilities and for general corporate purposes. The signing ceremony was held on May 3.

Suncorp-MetwayÆs A$450 million bridge facility has signed via sole arranger and provider Citigroup.

The one year bilateral loan is to support the acquisition of Promina Group...
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