Toll Holdings Ltd.’s Asia unit signed a loan for $1 billion after a total of 11 banks joined DBS Group Holdings and Westpac Banking Corp. in syndication, according to a person familiar with the matter.
The three-part revolving credit facility was increased in size from an initial $950 million and comprised three, four and five-year portions, the person said, asking not to be identified as details are private.
The three-part revolving credit facility was increased in size from an initial $950 million and comprised three, four and five-year portions, the person said, asking not to be identified as details are private.
Final allocations were as follows, DBS and Westpac committed $165 million each, Oversea-Chinese Banking Corp. and United Overseas Bank $100 million each; Citigroup Inc., Commonwealth Bank of Australia and Standard Chartered Plc $85 million each; Australia & New Zealand Banking Group , BNP Paribas SA, National Australia Bank and Sumitomo Mitsui Banking Corp. $45 million each; Chinatrust Commercial Bank $25 million and Mega International Commercial Bank Co. $10 million, and funds were allocated on a pro-rata basis across all three maturities, the person said.
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