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...

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