Loan week, Sept 3-9

A roundup of the latest syndicated loan market news.

Australia

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, BNP Paribas and Sumitomo Mitsui Banking Corp join in as lead arrangers. Mizuho Corp participated as a senior lead manager, while ANZ and HSBC came in as lead managers.

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...

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