Loan Week

Loan Week, October 5-11

A roundup of the latest syndicated loan market news.

Australia
Ausdrill has signed a A$550 million three-year revolver on a club basis through mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ, Commonwealth Bank of Australia, Deutsche Bank, HSBC, Morgan Stanley and Standard Chartered.

The debt package comprises of a A$220 million, a A$50 million, a A$30 million and a A$250 million tranches.

Final allocations saw Commonwealth Bank of Australia contribute A$145 million while Morgan Stanley lent A$113 million. Standard Chartered pledged A$96 million while Deutsche Bank lent A$91 million. HSBC committed A$65 million while Bank of Tokyo-Mitsubishi UFJ ended up with A$40 million.

Proceeds are to refinance existing indebtedness.

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