Loan week, November 5-11

A roundup of the latest syndicated loan market news.

Australia

Emeco’s A$450 million dual-tranche multi-currency revolver was signed last week via joint bookrunners and mandated leads ANZ, BOS International, Commonwealth Bank of Australia and
Westpac.

The deal is split into a A$300 million three-year tranche and a A$150 million five-year portion. The facility is also available in US dollars and Canadian dollars.

Syndication saw the leads contribute A$72 million each, while co-arrangers HSBC, Mizuho Corp and Royal Bank of Canada gave A$54 million apiece.

Proceeds are to refinance a A$595 million facility signed in 2008.

India

Talcher II Transmission’s Rs4.1 billion 15-year term loan has been pre-funded by sole underwriter IDFC.

Sponsored by Reliance Power Transmission, the facility will...

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