Carlyle Group and National Hire have mandated ABN AMRO Australia Branch, ANZ, Calyon Australia, Mizuho Corporate Bank, Sumitomo Mitsui Banking Corp and Westpac Banking Corp to lead arrange a A$2.26 billion leveraged buy-out facility to support the acquisition of Coates Hire.
The six year facility is split into a A$2.025 billion term loan, a A$175 million capital expenditure portion and a A$60 million revolving working capital tranche.
ING Industrial FundÆs A$1.8 billion multi-currency revolving facility is likely to be launched into syndication shortly, once discussions have been finalised via mandated lead arrangers ANZ, Deutsche Bank and JP Morgan.
Syndication of Macquarie GroupÆs A$8 billion multi-tranche facility is still going strong...
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