Australia
Mermaid Marine Australia has inked a $458 million-equivalent five-year facility through bookrunners and mandated lead arrangers ANZ and National Australia Bank.
The facility is fully underwritten by the bookrunners and is split into a A$200 million tranche, a $227 million portion and a A$50 million facility.
Syndication saw Bank of Tokyo-Mitsubishi UFJ, Commonwealth Bank of Australia, HSBC, ING and UOB join in as mandated lead arrangers.
Proceeds are to refinance existing indebtedness.
Perth Airport has secured a A$550 million revolver on a club basis through mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ, Commonwealth Bank of Australia, National Australia Bank, RBC, SMBC and Westpac.
The facility is split into a A$100 million three-year tranche and a A$450 million four-year portion.
Final allocations saw Commonwealth Bank of Australia provide A$120 million while National Australia Bank and Westpac pledged A$110 million apiece. Bank of Tokyo-Mitsubishi UFJ, RBC and SMBC concluded the syndicate with A$70 million each.
Proceeds are to refinance an existing facility signed in Nov 2011.
China
China Mengniu Dairy has obtained a $200 million three-year term loan through bookrunners and mandated lead arrangers ANZ, Barclays and Rabobank.
Syndication saw Westpac join in as lead arranger.
Proceeds are to refinance existing indebtedness and for general corporate purposes.
Hong Kong
Precise Treasure has inked a HK$5.4 billion four-year loan package through joint mandated lead arrangers ANZ, BNP Paribas, Bank of China, OCBC and Standard Chartered on a club basis.
The facility is split into a HK$1.8 billion term loan and a HK$3.5 billion portion. Wheelock & Co is the guarantor of the loan.
Final allocations saw the banks contribute equally to the facility.
Proceeds are for general corporate purposes.
Sunac China Holdings has secured a $260-equivalent three year term loan through mandated lead arrangers Bank of China, China Citic Bank, Hang Seng Bank and HSBC.
The facility is split into a $230 million tranche and a HK$234 million portion.
Final allocations saw Bank of China lend $80 million while Hang Seng Bank and HSBC contributed $75 million each. China Citic Bank pledged HK$234 million to wrap up the fund-raising.
Proceeds are for general corporate purposes.
India
Vardhman Chemtech has concluded a Rs2.7 billion financing through sole bookrunner and mandated lead arranger State Bank of India.
Final allocations saw participant State Bank of Patiala gives Rs1.1 billion while Allahabad Bank lent Rs674 million. IDBI Bank and State Bank of Hyderabad provided Rs671 million and Rs235 million respectively to round up the syndication.
Proceeds are for debt restructuring purposes.
Singapore
Gunvor Singapore recently completed a $537 million three-year revolver through bookrunners and mandated lead arrangers ABN AMRO, Arab Petroleum Investments Corp, DBS, First Gulf Bank, ING, Maybank and Societe Generale.
Syndication saw Rabobank joined in as mandated lead arranger.
Proceeds of the debt are for capital expenditure and general corporate purposes, and to refinance a $850 million loan signed in May 2013.
Taiwan
China LVGEM Property Holdings has inked a $58 million two-year term loan through bookrunners and mandated leads Shanghai Commercial & Savings Bank and Taishin International Bank.
The loan is priced at 212.5bp over LIBOR.
Syndication saw Bank of Kaohsiung join in as participant.
Proceeds are to repay existing debt.
Far Eastern Union Petrochemical (Yangzhou) has sealed a $260 million multi-currency term loan through joint bookrunners Credit Agricole, CTBC Bank, Mizuho, SMBC and Taipei Fubon Commercial Bank.
The facility is available in US dollar, Rmb, Japanese Yen and Euro.
Final allocations saw the bookrunners provide $36 million each while mandated lead arrangers Chang Hwa Commercial Bank and E.Sun Commercial Bank provides $27 million apiece. Taiwan Cooperative Bank lends $20 million while participant Hua Nan Commercial Bank took $6 million to complete the syndication.
Proceeds are for capital expenditure and working capital purposes.
New Excel has sealed a $25 million three-year term loan through joint bookrunners and mandated lead arrangers CTBC Bank and Taipei Fubon Commercial Bank.
The transaction is priced at 300bp over LIBOR.
Syndication saw Bank SinoPac and Taishin International Bank join in as mandated lead arrangers while Industrial Bank of Taiwan and Ta Chong Bank participated in lower tiers.
Proceeds of the loan are for capital expenditure purposes.
