loan-week-september-2228

Loan Week, September 22-28

A round up of the latest syndicated loan market news.
September 28, 2006
Australia

Futuris Corporation has signed a A$750 million loan agreement via a consortium of six banks. Proceeds are for working capital purposes.

The facility is divided into a A$125 million, A$100 million and A$60 million one year revolvers. ANZ Investment Bank, BNP Paribas, Commonwealth Bank of Australia, Citibank, National Australia Bank and Westpac are providing the funds.

Namoi Cotton Co-operativeÆs A$62 million multi-tranche financing has been signed on a club basis. ANZ Investment Bank and Rabobank Australia are lead arranging the facility. The transaction consists of a A$24 million two year term loan, an A$8 million portion and a A$30 million 364-day revolver.

ANZ Investment Bank and Rabo Australia committed A$31 million apiece. Proceeds...
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