Retirement Villages AustraliaÆs SPV, Candlestick Bidco, has completed a A$755 million one-year three-tranche financing on a club basis via ANZ, National Australia Bank and Suncorp.
The loan comprises a A$650 million bridge facility, a A$100 million revolver and a A$5 million bank guarantee.
Allocations saw ANZ committing A$320 million while National Australia Bank held A$315 million. Suncorp joined the deal with a contribution of A$120 million.
Proceeds are to support the acquisition of the Zig Inge retirement village business.
Ironbridge CapitalÆs NZ$565 million leveraged buy-out facility to fund the acquisition of CanWest MediaWorks via SPV HT Media has been signed. The mandated leads and bookrunners were ABN AMRO (New Zealand Branch), Bank of Scotland and Royal Bank of Scotland.
The multi-tranche loan is divided into a NZ$415 million six-year senior debt facility, a NZ$100 million one-year subordinated bridge and a NZ$50 million seven-year sub-debt PIK (payment in kind) portion. The senior debt tranche is split further into a NZ$80 million A-loan, a NZ$320 million B-loan and a NZ$15 million revolver.
Final allocations for the senior debt facility saw Bank of Scotland committing NZ$60 million while ABN AMRO (New Zealand Branch) and Royal Bank of Scotland held NZ$40 million apiece. Coming in as co-arrangers were Commonwealth Bank of Australia with NZ$72.5 million while Bank of New Zealand, Rabobank and Westpac contributed NZ$67.5 million each. The subordinated bridge and PIK tranche were underwritten equally by the bookrunners.
Allocations have been finalised for Macquarie GroupÆs A$9 billion multi-tranche financing via a syndicate of 45 banks. ABN AMRO, ANZ, Barclays Capital, Commonwealth Bank of Australia, Dresdner Kleinwort, HSBC, JPMorgan, Merrill Lynch, National Australia Bank, Royal Bank of Scotland, and Westpac are the original mandated arrangers.
The facility comprises a A$5 million term facility, a A$2.4 million revolver pro-rated across three-, four- and five-year tenors and a A$1.6 billion 364-day standby facility.
Final allocations saw mandated lead arrangers ANZ, Barclays Capital, Dresdner Kleinwort, National Australia Bank, HSBC, Royal Bank of Scotland and Westpac Banking Corp providing A$405.43 million each. Commonwealth Bank of Australia committed A$600 million while ABN AMRO and JPMorgan held A$350 million each. Merrill Lynch took A$175 million.
Lead arrangers joining the facility with holds of A$250 million apiece were Bank of America, Bank of Montreal (Ireland), Bank of Tokyo-Mitsubishi UFJ, Banco Bilbao Vizcaya Argentaria, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, Sumitomo Mitsui Banking Corp and Standard Chartered. Lloyds TSB Bank and WestLB committed A$200 million each while Bank of China (Hong Kong) took A$175 million.
Arrangers Bank of New York, Societe Generale and UBS joined the fundraising with holds of A$150 million apiece.
BNP Paribas, China Construction Bank, Royal Bank of Canada, United Overseas Bank and Wachovia Bank joined as co-arrangers holding A$100 million each.
Senior lead managers Bank of Scotland International (Australia), Canadian Imperial Bank of Commerce and Toronto-Dominion Bank took A$75 million apiece. Chang Hwa Commercial Bank, Dexia, Industrial and Commercial Bank of China (Asia), Intesa Sanpaolo, Lehman Brothers, Taipei Fubon Commercial Bank and Taiwan Cooperative Bank held A$50 million each. Mega International Commercial Bank came in with a hold of A$45 million.
Rounding off the allocations were Chinatrust Commercial Bank, with a take of A$22 million, and Export-Import Bank of the Republic of China with A$20 million.
The signing ceremony took place on November 13.
ABN AMRO, Calyon, Credit Suisse, Deutsche Bank and National Australia Bank have been mandated to arrange 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 Symbion Health.
ANZ and National Australia Bank have been mandated to arrange Ramsay Health CareÆs A$2.11 billion equivalent multi-tranche financing which was funded on November 20.
The debt package comprises a A$560 million revolver, a A$725 million bullet loan, a A$200 million 364-day revolver and a ú260 million credit.
The deal is expected to be launched into syndication soon.
¬ Haymarket Media Limited. All rights reserved.
