The third largest facility in Australia Mining sector in 2015 year-to-date
Whitehaven Coal has completed a A$1.4 billion four-year debt package through joint bookrunner and mandated lead arrangers ANZ, Bank of Tokyo-Mitsubishi, National Australia Bank and Westpac. The financing is split into a A$800 million revolver, a A$200 million revolver and a A$400 million term loan.
Syndication saw Bank of China, Bank of Communications, Caterpillar Financial Australia, Credit Suisse, Deutsche Bank, Industrial Commercial Bank of China, JP Morgan, Macquarie Bank, Societe Generale and Sumitomo Mitsui Banking Corp join as participants. Proceeds are to refinance an existing facility signed in February 2013.