loan-week-september-2127

Loan Week, September 21-27

A roundup of the latest syndicated loan market news.
Australia

Macquarie Bank has mandated 11 banks - ABN AMRO, ANZ, Barclays Capital, Dresdner Kleinwort, HSBC, National Australia Bank, Royal Bank of Scotland, Westpac, Commonwealth Bank of Australia, JP Morgan and Merrill Lynch - to arrange an A$8 billion commitment facility.

The loan comprises a A$1.6 billion 364-day standby facility, a A$2.4 billion revolving credit and a A$4 billion portion.

The loan is part of Macquarie BankÆs proposed restructuring and proposed establishment of Macquarie Group and a non-operating holding company. Proceeds are to fund the groupÆs acquisition of investment banking businesses and other non-banking activities from the borrower. Drawdown is slated to occur once the restructure is effective.

Roadshows are expected to...
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