Macquarie Bank has mandated 11 banks - ABN AMRO, ANZ, Barclays Capital, Dresdner Kleinwort, HSBC, National Australia Bank, Royal Bank of Scotland, Westpac, Commonwealth Bank of Australia, JP Morgan and Merrill Lynch - to arrange an A$8 billion commitment facility.
The loan comprises a A$1.6 billion 364-day standby facility, a A$2.4 billion revolving credit and a A$4 billion portion.
The loan is part of Macquarie BankÆs proposed restructuring and proposed establishment of Macquarie Group and a non-operating holding company. Proceeds are to fund the groupÆs acquisition of investment banking businesses and other non-banking activities from the borrower. Drawdown is slated to occur once the restructure is effective.
Roadshows are expected to...
¬ Haymarket Media Limited. All rights reserved.
