Loan week

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

Austar United Communications has short-listed seven banks to lead arrange a A$600 million loan. The banks include ANZ Investment Bank, BNP Paribas, Calyon, Commonwealth Bank of Australia, ING Bank, JP Morgan and National Australia Bank. Proceeds are to refinance an existing A$290 million facility that was signed in October 2004 and led by Deutsche Bank and JP Morgan. A formal mandate is expected to be announced soon.

A A$60 million five year management buyout facility for MichelÆs Group Australia was signed on April 28. ANZ led the financing while Rothschild and St George joined as lead managers. Proceeds are to support the managementÆs acquisition of a 100% stake in MichelÆs Patisserie.

Millmerran Power Partners...
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