Mandated lead arrangers Royal Bank of Scotland and Westpac Banking Corp have closed a A$269.5 million one-year bullet loan for AGL Energy. A total of 25 banks joined the facility.
Final allocations saw the leads provide A$21.5 million each. Arrangers Mizuho Corporate Bank held A$25 million while ANZ held A$19 million. Societe Generale committed A$9 million. Co-arrangers Bayerische Landesbank contributed A$28 million while JP Morgan and Toronto Dominion Securities took A$14 million apiece. Bank of China (Macau) lent A$6 million.
Joining as lead managers with holds of A$14.5 million each were Bank of Tokyo-Mitsubishi UFJ, Banco Bilbao Vizcaya Argentaria, Citi, Fortis, Mega International Commercial Bank and Oversea-Chinese Banking Corp. Commonwealth Bank of Australia held A$10 million while Bank of Nova Scotia took A$9.7 million. Scotiabanc ended up with A$4.8 million.
GPT REÆs Ç2.01 billion multi-tranche financing was sealed on October 26 via lead arrangers National Australia Bank and Commonwealth Bank of Australia. The facility saw a total participation of 24 banks.
The bullet loan comprises a Ç1.005 billion five-year revolver, a Ç335 million 364-day portion and a Ç670 million three-year loan.
Joining the syndicate with holds of Ç200 million each were the leads, accompanied by arrangers ANZ and ING Bank. Lead managers Deutsche Bank and Sumitomo Mitsui Banking Corp contributed Ç110 million apiece.
Holding Ç75 million apiece as senior managers were Mizuho Corporate Bank, Oversea-Chinese Banking Corp, Toronto Dominion Bank, WestLB and Westpac Banking Corp.
Managers taking Ç50 million each were Bank of America, Bank of Nova Scotia, Bank of Tokyo-Mitsubishi UFJ, Barclays Capital, BayernLB, Citi, HSBC, JPMorgan Chase, Landesbank Baden-Wurttemburg, Morgan Stanley, Societe Generale and United Overseas Bank.
Rounding off the consortium was lender Chinatrust Commercial Bank with a commitment of Ç$15 million.
A $200 million five-year credit for Olam Australia was inked on October 30 via bookrunners ANZ and Rabobank, with each holding A$50 million.
Arrangers St. George Bank committed A$40 million while Commonwealth Bank of Australia and Westpac Banking Corp took A$30 million apiece.
Proceeds are to refinance an existing bridge loan. Olam International is acting as guarantor. Syndication took place in Australia and Singapore.
Sonic HealthcareÆs A$1.75 billion multi-tranche fundraising has been completed via a consortium of seven banks. National Australia Bank is the original mandated arranger.
The debt package comprises a A$750 million five-year revolver, two A$350 million bullet loans with tenors of three and five years respectively and a A$300 million two-year portion.
Final allocations saw joint-lead arrangers ANZ committing A$400 million while Commonwealth Bank of Australia held A$300 million. National Australia Bank, Royal Bank of Scotland and Westpac Banking Corp each contributed A$250 million while Citi provided A$200 million. JPMorgan ended up with A$100 million.
TelstraÆs A$1 billion five-year financing has been inked via leads National Australia Bank and Westpac Banking Corp. The facility was heavily oversubscribed with total commitments received in excess of A$2 billion, and had to be scaled bank.
Allocations saw the leads and co-arrangers ANZ, Bank of Tokyo-Mitsubishi UFJ, Banco Bilbao Vizcaya Argentaria, Commonwealth Bank of Australia, Sumitomo Mitsui Banking Corp, Toronto Dominion Securities and UBS each commit A$73 million.
Bank of America, Bank of China (Hong Kong), BNP Paribas, Citi, JPMorgan Chase, Oversea-Chinese Banking Corp and Societe Generale joined the syndicate as lead managers taking A$49 million apiece.
This was the borrowerÆs first time in the syndicated loans market since September 2000.
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