Futuris Corporation has signed a A$750 million loan agreement via a consortium of six banks. Proceeds are for working capital purposes.
The facility is divided into a A$125 million, A$100 million and A$60 million one year revolvers. ANZ Investment Bank, BNP Paribas, Commonwealth Bank of Australia, Citibank, National Australia Bank and Westpac are providing the funds.
Namoi Cotton Co-operativeÆs A$62 million multi-tranche financing has been signed on a club basis. ANZ Investment Bank and Rabobank Australia are lead arranging the facility. The transaction consists of a A$24 million two year term loan, an A$8 million portion and a A$30 million 364-day revolver.
ANZ Investment Bank and Rabo Australia committed A$31 million apiece. Proceeds...