APT Pipelines' A$1.0 billion forward start facility was well received and increased from the original A$800 million sought by the borrower. The deal was completed on September 8 via mandated lead arrangers and bookrunners ANZ, Bank of China, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Commonwealth Bank of Australia, Royal Bank of Scotland and Westpac.
The transaction is divided into two A$515 million financings of two and four years respectively. Additionally, each of the two facilities are further split into a A$298 million term loan and another A$217 million portion.
The leads each committed A$100 million, except for Bank of China which lent A$120 million. Arrangers Bank of Nova Scotia and Sumitomo...