ANZ Investment Bank has funded a A$465 million multi-tranche facility for the Regis Group. The deal comprises a A$280 million five year credit, a A$140 million five year revolver, a A$35 million five year bullet and a A$10 million term portion.
The facility is expected to be launched into syndication at the end of the month. Proceeds are for working capital purposes.
Smorgon Steel GroupÆs A$320 million revolving credit facility has been completed via lead arrangers ANZ Investment Bank and National Australia Bank, with each taking commitments of A$40 million.
Joining as participants, Westpac committed A$100 million while Citi and HSBC provided A$50 million apiece. BNP Paribas ended up with A$40 million.
A $600 million dual tranche financing for SPI Electricity and Gas Holdings has been inked via mandated arrangers Commonwealth Bank of Australia and Westpac.
The facility is split into a A$350 million three year revolver and a A$250 million five year revolving credit facility.
Commonwealth Bank of Australia and Westpac contributed A$112.5 million apiece while participants ANZ Investment Bank, Bank of Tokyo-Mitsubishi UFJ, HSBC, Mizuho Bank, National Bank of Australia and Royal Bank of Scotland each took A$62.5 million.
Hong Kong
A HK$1.5 billion five year term loan for Lee & Man Paper Manufacturing has been launched into senior syndication via mandated arrangers DBS Bank and Standard Chartered Bank.
The financing pays a spread of 40.5bp over Hibor with an average life of four years.
In sub-underwriting, banks committing HK$250 million or above receive an upfront fee of 42bp with an underwriting fee of 4bp.
In general syndication, lead arranger titles are being offered to banks contributing HK$200 million or above for a management fee of 42bp.
The deadline for senior syndication is targeted at the end of the week. So far, one firm commitment has been received.
Proceeds are for working capital purposes.
PrimeCreditÆs HK$1.2 billion four year dual-tranche financing has been closed in general syndication this week via mandated leads ANZ Investment Bank, DBS Bank, KBC Bank and Standard Chartered Bank. The facility was oversubscribed and upsized from HK$800 million due to an enthusiastic market response.
The fundraising is divided into a HK$240 million revolver and a HK$960 million term loan, both paying a margin of 33bp over Hibor.
Banks were invited on three tiers. Arrangers committing between HK$100 million or above receive 30bp flat, lead managers providing between HK$70 million and HK$90 million get 25bp and managers lending HK$40 million to HK$60 million earn 20bp.
Allocations have yet to be finalised. Proceeds are to refinance existing debt and for working capital purposes.
¬ Haymarket Media Limited. All rights reserved.
