OneSteel Finance’s A$591 million dual-tranche revolver was signed on August 31 via bookrunners Commonwealth Bank of Australia, National Australia Bank and Westpac.
The bullet facility is split equally into three-year and four-year revolvers.
Syndication saw Bank of Tokyo-Mitsubishi UFJ,
Proceeds are to refinance an A$800 million loan signed in 2007.
Baypower Enterprises’ A$1.5 billion multi-tranche facility was launched into syndication this week via a consortium of 15 mandated lead arrangers and bookrunners.
The five-year facility comprises A$300 million and A$900 million senior term loans, a A$250 million growth capex facility and a A$50 million multi-option working capital facility.
Banks have been invited to join at one of three levels – banks committing A$50 million or above get the mandated lead arrangers title, while banks lending A$35 million to A$49 million receive the title of arranger. Banks giving A$20 million to A$34 million come in as lead managers.
Proceeds are to support the leveraged buyout of Healthscope by Carlyle Group and TPG Capital. Roadshows took place in
KSH International has secured a $168 million 10-year term loan on a club basis via mandated leads
The financing features a margin of 160bp over Libor and is guaranteed by Hanjing Shipping.
Final allocations saw
Proceeds are to refinance a ship financing facility used to acquire
A HK$1.9 billion three-year term loan for
The bullet loan is priced at 85bp over Hibor with a two-year extension option.
Syndication saw bookrunners Bank of Taiwan and Standard Chartered Bank commit HK$210 million and HK$160 million respectively, while mandated lead arrangers Hang Seng Bank, Land Bank of
Proceeds are for refinancing existing indebtedness and general corporate purposes.
Viewide Properties has obtained a HK$900 million club deal via coordinating arrangers
The three-year financing is priced at 66bp over Hibor and is guaranteed by
Final allocations saw Standard Chartered Bank (
Proceeds are for refinancing and general corporate purposes.
The facility will be repaid in 26 quarterly installments with a 2.5-year grace period.
Syndication saw the lead provide Rs420 million, while participants Punjab & Sind Bank and State Bank of Hyderabad ended up with Rs400 million and Rs250 million respectively.
Proceeds are to support a 30MW thermal power project in
A Rs38.2 billion 14.5-year term loan for Monnet Power has been sealed via sole bookrunner and mandated lead arranger Infrastructure Development Finance.
Sponsored by Monnet Ispat & Energy, the loan will be repaid in 40 quarterly installments with a one year grace period.
Participants were Axis Bank, Bank of Baroda, Bank of India, Central Bank of India, Federal Bank, IDBI Bank, Indian Bank,
Proceeds are to support a 1,050MW coal fired power plant project in
Rural Electrification Corp’s $400 million five-year term loan was sealed on September 7 via bookrunners Bank of Tokyo-Mitsubishi UFJ and State Bank of
Bookrunners committed $100 million each, while mandated lead arrangers Mizuho Corporate Bank contributed $75 million. Sumitomo Mitsui Banking Corp gave $50 million, while arranger Bank of Taiwan (
Proceeds are for general corporate purposes.
Supreme Manor Wada Bhiwandi Infrastructure’s Rs3.2 billion 12-year term loan was sealed last week via sole bookrunner and mandated lead arranger SBI Capital Markets.
The deal is priced at 100bp below the Indian benchmark prime lending rate with a commitment fee of 120bp. It will be repaid in 36 quarterly installments with a one-year grace period.
Allahabah Bank, Bank of India, Indian Overseas Bank, L & T Infrastructure Finance, Oriental Bank of Commerce, State Bank of India, State Bank of
Proceeds are for a highway project in
A Rs71.5 billion 10-year term loan for Videocon Telecommunications was signed last week via sole bookrunner and mandated lead arranger SBI Capital Markets.
There is a commitment fee of 120bp and the loan will be repaid in 26 quarterly installments.
Participants were Bank of Baroda, Bank of Maharashtra, Central Bank of India, Corporation Bank, Dena Bank, Indian Bank, Indian Overseas Bank, Life Insurance Corporation of India, Oriental Bank of Commerce, Punjab National Bank, State Bank of Bikaner & Jaipur, State Bank of Mysore, State Bank of Patiala,
Proceeds are to support a GSM network development project in
First Gen Corp has successfully secured a $142 million floating-rate term loan via sole bookrunner and issue manager BDO Capital & Investment Corp.
Allied Bank Corp, Bank of the Philippine Islands, Banco de Oro, Maybank, Mizuho Corporate Bank, Rizal Commercial Banking Corp, Security Bank, Union Bank of the
Proceeds are for investment, capital expenditure requirements, refinancing and general corporate purposes.
San Miguel Corp’s $1.0 billion five-year term loan facility was signed in late August via original mandated arrangers and bookrunners
The five-year facility is priced at 240bp over Libor.
Banco De Oro Unibank, Bank of China (
Proceeds are to refinance existing debt facilities and for general corporate purposes.
AFPD secured a $360 million dual-tranche financing on September 3 via a consortium of eight mandated lead arrangers and bookrunners.
The five-year term loan consists of a $170 million tranche and a $190 million portion. The facility offers a spread of 135bp over Libor and is guaranteed by AU Optronics Corp.
Final allocations saw bookrunners
Proceeds are for refinancing, capital expenditure and working capital purposes.
A S$220 million four-year and three-month club facility for Maxlee Development has been inked via mandated lead arrangers Oversea-Chinese Banking Corp and United Overseas Bank.
Proceeds are to finance a residential land and construction project.
United Engineers Development’s S$220 million three-year term loan has been secured on a club basis via mandated lead arrangers HSBC, Maybank (
Proceeds are to finance the land and construction cost of a property development project.
A NT$3.8 billion three-year revolving credit for Amtran Technology was signed on September 6 via mandated lead arrangers Chinatrust Commercial Bank, E Sun Commercial, Land Bank of Taiwan, Mega International Commercial Bank and Shanghai Commercial & Savings Bank. The deal was upsized from NT$3.2 billion.
The revolver comprises two tranches of NT$3.8 billion and $119 million, but the sum of both tranches together cannot exceed NT$3.8 billion equivalent. The margin is priced at 45bp over the secondary CP rate and 57bp over Libor for the New Taiwan dollar and US dollar tranches respectively.
Taiwan Business Bank and Taiwan Cooperative Bank joined in as co-arrangers, while Chang Hwa Commercial Bank, Hua Nan Commercial Bank and Yuanta Commercial Bank ended up as managers.
Proceeds are for refinancing existing debt and working capital purposes.
Sole mandated lead arranger Chinatrust Commercial Bank has completed a $48 million three-year revolver for Asia Optical International. The deal was oversubscribed and upsized from $40 million.
The credit features a spread of 80bp over Libor with a two-year extension option.
Final allocations saw the lead and E Sun Commercial Bank take $7 million and $5 million respectively, while Cathay United Bank, Chang Hwa Commercial Bank, HSBC and Taiwan Cooperative Bank lent $5 million each. Bank of Taiwan, First Commercial Bank, Industrial Bank of Taiwan, Land Bank of Taiwan, Mega International Commercial Bank and Taishin International Bank contributed $3 million apiece.
Proceeds are for working capital purposes.
Chi Mei Corp’s NT$12.0 billion five-year facility signed in February 2009 has been amended via mandated leads Bank of Taiwan, Chang Hwa Commercial Bank, Chinatrust Commercial Bank, E Sun Commercial Bank, First Commercial Bank and Taiwan Cooperative Bank.
The margin was increased to 75bp over the secondary CP rate from 55bp.
Proceeds are for refinancing existing indebtedness and working capital purposes.
Jaysanlyn Construction’s NT$5.8 billion five-year term loan has been signed via sole bookrunner and mandated lead arranger Land Bank of
The bullet loan is split into a NT$1.0 billion tranche and a NT$4.8 billion portion. Both tranches are priced at 102bp for the first year and 122bp for the second to fifth years over the average savings rate of Bank of Taiwan, Chang Hwa Commercial Bank, First Commercial Bank, Hua
Syndication saw Agricultural Bank of
Proceeds are to support a residential project in
Group Lease’s Bt1.0 billion 2.5-year term loan has been secured via sole bookrunner Kasikornbank.
Final allocations saw Kasikornbank contribute Bt500 million with participants Land & Houses Retail Bank and Industrial & Commercial Bank of
Proceeds are for expansion purposes and for receivable-backed financing.