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...