Loan week, May 7-13

A roundup of the latest syndicated loan market news.

Australia

A $225 million equivalent three-year multi-currency financing for Amcor has been completed as a club deal via mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ, Mizuho Corporate Bank and Standard Chartered Bank Hong Kong.

With Amcor Finance USA and Amcor UK Finance acting as guarantors, the debt package consists of a $117.5 million term loan and a $107.5 million revolving credit funded equally by the leads.

Proceeds are to refinance an existing $50 million facility signed in June 2009 and for general corporate purposes.

China

Hefei Rong An Power Machinery's Rmb2.4 billion financing has been signed via sole bookrunner Shanghai Pudong Development Bank.

Syndication saw Bank of China, Huishang Bank and Agricultural...

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