loan-week-november-612

Loan week, November 6-12

A roundup of the latest syndicated loan market news.

Australia

Myer Holdings has successfully secured a A$625 million three-year loan on a club basis via mandated lead arrangers ANZ, Commonwealth Bank of Australia, Mizuho Corporate Bank, National Australia Bank, Sumitomo Mitsui Banking Corp Sydney and Westpac.

The deal is split into a A$425 million term loan and a A$200 million revolver that both feature a margin of 275bp over BBSY.

Proceeds are to refinance a facility supporting the NewBridge Capital-led leveraged buyout of Myer Group in August 2006, to fund the expenses associated with the intial public offering, and for general corporate purposes.

China

A Rmb200 million three-year loan for Binhai Tuanbo New Town Tianjin Holding has been sealed via global...

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