Qantas seals the deal

Lead arrangers Barclays Capital, Citibank, Commonwealth Bank of Australia and JPMorgan closed the Qantas multi-tranche facility yesterday (Thursday). As a result of oversubscription, the loan has been increased from A$1.4 billion ($727.86 million) to A$2.1 billion. A banker working on the deal said that the borrower could have had commitments of up to A$2.3 billion, but only agreed to increase the loan to A$2.1 billion.