Loan week, October 22-28

A roundup of the latest syndicated loan market news.

Australia

Sydney Airport Finance successfully secured a A$1.1 billion multi-tranche refinancing in mid-October on a club basis via a consortium of eight mandated lead arrangers.

Guaranteed by Sydney Airport Corp, the revolving credit is split into a A$362 million three-year portion, a A$36 million four-year tranche, a A$438 million facility and a A$227 million seven-year loan. The margins for the tranches are 200bp, 210bp, 230bp and 250bp over the BBSW respectively.

Final allocations saw mandated leads Commonwealth Bank of Australia take A$162 million, while Credit Agricole lent A$150 million. Westpac contributed A$145 million and Bank of America Merrill Lynch, BNP Paribas and Royal Bank of Scotland held A$135 million each. J.P. Morgan and Natixis ended...

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