The A$1.445 billion fundraising for Brambles Industries saw 10 banks join in senior syndication. Joining as sub-underwriters are BNP Paribas, Calyon, Commonwealth Bank of Australia, GE, Hypovereinsbank, Mizuho Corporate Bank, National Australia Bank, Royal Bank of Scotland, SG and Westpac Banking Corp.
The six year facility comprises an A$1.004 billion term portion, an A$130 million revolver and an A$275 million capital expenditure tranche. Proceeds will be used to support the A$1.8 billion Kohlberg Kravis Roberts led leveraged buyout of Brambles IndustriesÆ subsidiaries Cleanaway Australia and New Zealand and Industrial Service Australia.
ANZ Investment Bank, Citigroup, Credit Suisse, HBOS and UBS are the mandated lead arrangers. Brambles Industries is borrowing through special purpose vehicle...
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