A A$574 million dual tranche financing for BBI (DBCT) Finance has been completed via mandated leads ANZ, Dresdner Bank and Westpac Banking Corporation.
The bullet loan is split equally into two A$287 million portions with tenors of three and five years respectively.
Final allocations saw Westpac Banking Corp provide A$219 million while Dresdner Bank took A$190 million. ANZ ended up with A$165 million.
The funds are to finance the A$1.1 billion Dalrymple Bay Coal Terminal project in Queensland, Australia.
Hastings Diversified Utilities Fund's A$370 million dual tranche fundraising has been inked via sole bookrunner Westpac Banking Corporation.
The loan comprises a A$250 million six-month loan and a A$120 million one-year revolver. Allocations saw the bookrunner and ANZ each commit A$185 million. Proceeds are to refinance senior and subordinated debt.
A A$2.26 billion multi-tranche leveraged buy-out facility for Ned Group Holdings, an SPV of Coates Hire, has been launched into general syndication this week, with bank presentations scheduled to be held in Singapore, Hong Kong and Sydney between February 21 and 27.
The debt package comprises a A$2.03 billion six-year credit, a A$175 million loan and a A$60 million revolver.
A total of 21 banks are said to have joined the facility with ABN AMRO, ANZ, Calyon, Mizuho Corporate Bank, Sumitomo Mitsui Banking Corporation and Westpac Banking Corporation leading the transaction. Senior syndication saw AIB Bank, Aozora Bank, Bank of Ireland, Bank of Tokyo-Mitsubishi UFJ, BOS International, Commonwealth Bank of Australia, Deutsche Bank, GE Commercial Finance, Rabobank, Scotiabank and WestLB coming in as equal-status arrangers.
Banks have until the end of March to revert. Proceeds are to support the Carlyle Group and National Hire-led leveraged buyout of Coates Hire.
Lead arrangers ABN AMRO, Calyon, Credit Suisse, Deutsche Bank and National Australia Bank have approached relationship banks for senior syndication of Primary HealthcareÆs credit facility. The exact loan amount is yet to be determined but it is understood to be in the range of A$2.5 billion to A$2.6 billion.
The funds are to support the acquisition of a 50.1% stake in Symbion Health
Syndication and the deal is expected to be officially launched in early March.
Syndication of WesfarmersÆ A$10 billion multi-tranche financing has been extended to accommodate banks that are reprocessing their credit approvals due to the New Year. The deal was funded last year by ANZ, BNP Paribas and National Australia Bank who are the leads and bookrunners for the facility.
The fundraising comprises a A$4 billion one-year bridge loan, a A$1 billion one-year revolver and a A$5 billion three-year bullet loan.
In senior syndication a total of 12 commitments have been received with ABN AMRO, Bank of Tokyo-Mitsubishi UFJ, Barclays Capital, Commonwealth Bank of Australia, Deutsche Bank, Goldman Sachs, JPMorgan, Mizuho Corporate Bank, Societe Generale, Sumitomo-Mitsui Banking Corporation, WestLB and Westpac coming in as coordinating arrangers.
General syndication has been well received with the closing date scheduled for March 7. Proceeds are to support the acquisition of Coles Group.
China
Swire PacificÆs Rmb2.4 billion dual tranche three-year bullet fundraising was closed just after the Lunar New Year via original mandated leads BNP Paribas, HSBC and Standard Chartered Bank. The deal was oversubscribed due to a good market response.
The credit comprises a Rmb2.2 billion facility and a Rmb200 million portion. Both tranches offer a spread of 110bp over the PBOC rate.
Allocations saw the original leads each provide Rmb433.34 million, while joining at the top with a Rmb300 million hold was Agricultural Bank of China.
Arrangers Bank of East Asia, Nanyang Commercial Bank and Oversea-Chinese Banking Corporation contributed Rmb200 million apiece while Bank of Tokyo-Mitsubishi UFJ and Sumitomo Mitsui Banking Corporation each took Rmb100 million.
Signing will be held towards the end of the month. Proceeds are for working capital purposes.
Syndication of Weiqiao AluminiumÆs $125 million three-year amortising loan is still ongoing via sole lead Royal Bank of Scotland.
The facility pays a spread of 240bp over Libor.
Banks have been invited on three tiers. Mandated lead arrangers committing $30 million or more receive an all-in of 290bp over Libor while lead arrangers providing between $20 million and $30 million get an all-in of 279bp. Senior managers holding between $15 million and $20 million gain an all-in of 270bp.
Syndication is expected to close in the first week of March.
Hong Kong
Wheelock & CoÆs HK$6 billion dual tranche fundraising has received commitments from First Commercial Bank, which has joined as a senior manager holding HK$300 million, and Tai Fung Bank as a manager taking HK$200 million.
The facility is split into a HK$5.5 billion credit and a HK$500 million revolver. Both tranches feature a margin of 50bp over Libor.
Seven banks û ANZ, Bank of China (Macau), Bank of Communications, Bayerische Landesbank, Industrial & Commercial Bank of China (Asia), Mizuho Corporate Bank and Sumitomo Mitsui Banking Corp have joined the original mandated arranger Standard Chartered as equal-status arrangers.
Banks have until the end of February to respond.
¬ Haymarket Media Limited. All rights reserved.
