Loan week

A round up of the latest syndicated loan market news.
Australia

Mandated arranger National Australia Bank has launched a A$250 million five year refinancing for Adsteam Marine into syndication. The maritime services provider will use the funds to refinance a A$260 million facility that was completed in October 2003 and also led by National Australia Bank. Responses are due by the end of the month.

National Australia Bank and Goldman Sachs JB Were are arranging financing for Texas Pacific and NewbridgeÆs A$1.4 billion acquisition of the Myer department store chain. The deal will be launched into syndication shortly.


China

Syndication of the $466.5 million ship financing for Cosco Container Lines has been completed after an enthusiastic response in syndication. The facility was well oversubscribed but...
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