loan-week-october-30november-5

Loan week, October 30-November 5

A roundup of the latest syndicated loan market news.

Australia

Felix Resources has successfully secured a A$383 million multi-tranche debt package from mandated lead arrangers and bookrunners Commonwealth Bank of Australia and Sumitomo Mitsui Banking Corp. BNP Paribas, WestLB and Westpac are the other lenders in the deal.

The transaction comprises a A$150 million five-year term loan, a A$133 million five-year leveraged finance lease, a A$50 million two-year working capital facility and a A$50 million two-year revolving credit.

Proceeds are to fund the construction and development of the Moolarben Coal Project and for general corporate purposes.

Westfield's $1.36 billion forward start facility inked in mid-August was further upsized to $1.42 billion in late October with Lloyds Bank signed into the Accordion feature....

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