Loan Week, November 29-December 5

A roundup of the latest syndicated loan market news.

Australia

OZ Minerals has obtained a $200 million three-year revolver through sole bookrunner and mandated lead arranger NAB.

Syndication saw ANZ, HSBC and Westpac join in as mandated lead arrangers.

Proceeds will go towards refinancing existing indebtedness and general corporate purposes.

Primary Health Care has inked a A$1.3 billion revolver through bookrunners and mandated lead arrangers Commonwealth Bank of Australia, NAB and Westpac.

The facility is evenly split into a three-year and two-month portion and a five-year tranche.

Syndication saw Mizuho, SMBC and Bank of Nova Scotia join in as lenders.

Proceeds are for working capital and general corporate purposes.

India

Jaypee Healthcare has sealed a Rs3.3 billion 13-year and three-month term loan through sole bookrunner and mandated lead arranger Yes bank.

Jaypee Infratech is the sponsor of the facility.

Final allocations saw the lead provide Rs1 billion while participant Union Bank of India gave Rs750 million. Export-Import Bank of India, Oriental Bank of Commerce and Vijaya Bank joined in with Rs500 million each.

Proceeds are for the expansion of a 504-bed hospital.

KK Milk Fresh India has inked a Rs1.7 billion seven-year and seven-month term loan through sole bookrunner and mandated lead arranger State Bank of India.

The facility will be repaid through 22 quarterly payments.

Final allocations saw the lead provide Rs450 million while participant United Bank of India contributed Rs350 million. State Bank of Hyderabad, Vijaya Bank, Central Bank of India and Union Bank of India  lent Rs300 million, Rs250 million, Rs220 million and Rs150 million respectively.

Proceeds are to support the construction of a milk processing plant.

Larsen & Toubro has completed a $370 million term loan through bookrunners and mandated lead arrangers ANZ, Bank of Tokyo-Mitsubishi UFJ, HSBC, Mizuho, RBS and SMBC.

The facility is split into a $47 million, a $64 million and two $100 million four-year and seven-month tranches and a $59 million three-year and nine-month portion.

Syndication saw Export Development Canada join in as mandated lead arranger while Sumitomo Trust Bank came in as arranger. Commonwealth Bank of Australia concluded the syndicate as participant.

Proceeds are to refinance existing indebtedness.

Roha Dyechem has signed a $23 million 10-year term loan through sole bookrunner and mandated lead arranger ICICI Bank.

The single tranche financing will be repaid semi-annually.

Final allocations saw ICICI Bank pledge $13 million while participant Export-Import Bank of India provided $10 million.

Proceeds are for the construction of a 25MW solar power project in Rajasthan, India.

Indonesia

Sinar Sosro has secured a $90 million-equivalent five-year facility through sole bookrunner and mandated lead arranger DBS.

The facility is split into a $30 million and IDR500 billion term loans and a IDR200 billion revolver.

Syndication saw Bank of Tokyo-Mitsubishi UFJ and PT Bank Sumitomo Mitsui Indonesia join in as mandated lead arrangers while PT Bank CTBC Indonesia and PT Bank ANZ Indonesia came in as lead arrangers. Bank of China and PT Bank Commonwealth concluded the syndicate as arrangers.

Proceeds are for refinancing, capital expenditure and working capital purposes.

Philippines

AYC Finance has completed a $225 million five-year financing through mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ, Mizuho and SMBC on a club basis.

Ayala Corp is the guarantor of the loan.

Proceeds are for general corporate purposes.

Malaysia

Hicom Automotive Manufacturers (Malaysia) has secured a MYR480 million seven-year term loan through sole bookrunner AmInvestment Bank.

DRB-HICOM is the parent of the borrower.

Syndication saw Bank Pembangunan Malaysia, Deutsche Bank, HSBC and Standard Chartered join in as mandated lead arrangers.

Proceeds are to repay existing indebtedness.

Singapore

Mercuria Energy Trading has inked a $1 billion financing through bookrunners and mandated lead arrangers ANZ, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Bank of China, DBS, Emirates NBD, First Gulf Bank, HSBC, ING, ICBC, RBS, Rabobank, Société Générale, Standard Chartered and SMBC.

The debt package comprises $430 million and $100 million one-year revolvers and a $470 million three-year term loan.

Syndication saw Alahli Bank of Kuwait and Arab Petroleum Investment Corp join in as mandated lead arrangers while 28 other banks joined in at lower tiers.

Proceeds are to refinance an existing $700 million facility signed in December 2012.