Loan week

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

Mandated arranger Commonwealth Bank of Australia has completed a A$69.3 million multi-tranche financing for Ironbridge CapitalÆs acquisition of Barbeques Galore. The loan is split into a five year A$18 million and $4 million tranche æAÆ, a five year A$3 million tranche æBÆ, a one year A$6 million tranche æCÆ and a three year working capital facility. Bank of Tokyo-Mitsubishi UFJ joined in syndication.

Bradken Resources signed a A$230.5 million three year loan with banks on March 31. Lead arranger Westpac Banking Corp held A$97.3 million while co-lead arrangers Bank of Scotland took A$71.4 million and Commonwealth Bank of Australia lent A$61.8 million.

The deal comprises a A$170.5 million tranche and a A$60 million...
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