Loan Week, November 8-14

A roundup of the latest syndicated loan market news.

Australia

Emerald Grain Australia has inked a A$560 million revolver through sole bookrunner and mandated lead arranger NAB

The debt package is split into a A$310 million one-year tranche and a A$250 million 1 5-year portion

Syndication saw Bank of Tokyo-Mitsubishi UFJ, Commonwealth Bank of Australia, HSBC, Rabobank, SMBC and Westpac join in as participants

Proceeds are for working capital purposes

Fortescue Metals Group has amended and extended a $5 billion term loan B through bookrunners and mandated lead arrangers Credit Suisse and JPMorgan

The new facility is priced at 325bp over Libor with a 100bp Libor floor

Proceeds are to refinance existing indebtedness

Pacific Brands Holdings has completed a A$250 million revolver via joint bookrunners...

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