loan-week-august-1117

Loan Week, August 11-17

A roundup of the latest syndicated loan market news.
Australia

American Express Credit CorpÆs A$4.25 million five year revolver has been completed via mandated lead arrangers Citi and Westpac, with each contributing A$452.5 million. A total of 19 banks joined the facility.

Joining as lenders were Commonwealth Bank of Australia and National Australia Bank with holds of A$350 million apiece. Barclays Bank, ING Bank and Royal Bank of Scotland provided A$250 million each. ABN Amro, ANZ, BNP Paribas, Deutsche Bank and Mizuho Corporate Bank committed A$185 million apiece.

The rest of the lenders Bank of Tokyo-Mitsubishi UFJ, Credit Suisse, JP Morgan, Lloyds TSB Bank, Standard Chartered and Sumitomo Mitsui Banking Corp took A$145 million each, except for Toronto Dominion Bank which took A$100 million.

Syndication of Hedley Leisure & Gaming Property TrustÆs A$850 million dual tranche fundraising has been inked via a syndicate of nine banks.

The three year deal which comprises a A$700 million term loan and a A$150 million revolver, saw co-arrangers National Australia Bank, St George Bank and Westpac commit A$150 million each. ANZ joined with a take of A$140 million while lead manager WestLB held A$75 million.

Managers Bank of Queensland lent A$55 million while Mizuho Corporate Bank and Mega International Commercial Bank provided A$50 million each. Bank of Scotland ended up with A$30 million.

Virgin Blue AirlinesÆ $589.5 million 12 year aircraft financing was signed on August 14 via a consortium of 12 banks.

Mandated arrangers ING Bank committed $60.5 million while ANZ, Commerzbank, DBS Bank, HSH Nordbank and Oversea-Chinese Banking Corp contributed $60 million each.

DekaBank Deutsche Girozentrale held $56 million while Fortis Bank took $47 million. Credit Industrial et Commercial joined with a take of $45 million.

Arranger Industrial and Commercial Bank of China (Asia) held $35 million while co-arrangers Bank of Tokyo-Mitsubishi UFJ and Intesa Sanpaolo lent $23 million each.

The deal features a spread of 50bp over BBSY. The funds are to support the purchase of four new Boeing 737-800 aircraft, six new Embraer 170 aircraft and 11 new Embraer 190 aircraft.























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