Macquarie GroupÆs A$9 billion multi-tranche fundraising was sealed on November 13 via a syndicate of 44 banks. The facility was heavily oversubscribed, and was upsized from A$8 billion. ABN AMRO, ANZ, Barclays Capital, Dresdner Kleinwort, HSBC, National Australia Bank, Royal Bank of Scotland, Westpac Banking Corp, Commonwealth Bank of Australia, JP Morgan and Merrill Lynch were the original mandated lead arrangers.
The facility was split into a A$1.6 billion 364 day standby facility, a A$2.4 billion three year revolver and a A$5 billion three year credit.
The funds are to help finance the previously announced restructure of the Macquarie Group under which it will be the ultimate listed parent entity of the group.
WesfarmersÆ A$10 billion multi-tranche financing is still in general syndication and is scheduled to close on November 23. The deal was funded in early October 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.
So far, 10 commitments have been received in addition to Commonwealth Bank of Australia and Westpac who joined in as sub-underwriters. The banks are ABN AMRO, Bank of Tokyo-Mitsubishi UFJ, Barclays Capital, Deutsche Bank, Goldman Sachs, JP Morgan, Mizuho Corporate Bank, Societe Generale, Sumitomo-Mitsui Banking Corp and WestLB.
Proceeds are to support the acquisition of Coles Group.
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