QR National successfully secured a A$3.0 billion debt package in early October on a club basis via a consortium of 11 mandated lead arrangers.
The revolver is split into a A$1.4 billion three-year tranche and a A$1.6 billion five-year portion.
Final allocations saw Bank of America Merrill Lynch, Bank of Tokyo-Mitsubishi UFJ, Commonwealth Bank of Australia and National Australia Bank contribute A$355 million each, while Westpac lent A$330 million. ANZ, BOS International Australia, Mizuho Corporate Bank and Sumitomo Mitsui Banking Corp gave A$250 million each, while Credit Suisse and Goldman Sachs ended up with A$125 million apiece.
Proceeds are to refinance QR National's existing debt, for general corporate purposes and to pay...