ApacheÆs $350 million financing is close to signing via mandated lead arrangers and bookrunners BNP Paribas and HSBC.
The updated margin for the pre-completion period is now 100bp over Libor, which will increase to 112.5bp if the parentÆs rating falls to or below BBB. The pricing for the post-completion period is 175bp.
Proceeds are to support two oil discovery projects in Northwest Australia.
A A$750 million three-year term loan for Telstra Corp was completed last week via sole mandated lead arranger Westpac.
Final allocations saw the lead providing A$250 million, while participants National Australia Bank, Commonwealth Bank of Australia and Deutsche Bank lent A$250 million, A$150 million and A$100 million respectively....