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Macquarie Group completes loan syndication, facility upsized to $A9b due to oversubscriptions |
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14 November 2007 Macquarie Group Limited advises that the syndication of its Syndicated Loan Facility (“Facility”) has been successfully closed and signed. As a result of oversubscriptions, the Facility was upsized from $A8 billion to $A9 billion, with 44 banks joining the syndicate. Macquarie Group Limited advises that the syndication of its Syndicated Loan Facility (“Facility”) has been successfully closed and signed. As a result of oversubscriptions, the Facility was upsized from $A8 billion to $A9 billion, with 44 banks joining the syndicate. Macquarie Group Managing Director and Chief Executive Officer Allan Moss said the group was very pleased with the result of the syndication. “That this large facility was oversubscribed by such a distinguished group of Australian and international banks and investment banks reflects Macquarie’s strong standing as a global financial institution,” Mr Moss said. The Facility is to be used to help finance the previously announced restructure of the Macquarie Group under which Macquarie Group Limited (ASX code MQG) is the ultimate listed parent entity of the Macquarie group. The Facility comprises $A5 billion Term facilities and $A2.4 billion Revolving facilities pro rated across three, four and five year tenors, with an $A1.6 billion 364 Day Standby Facility. Initial drawdown under the Facility is expected to occur during the week beginning 19 November. The Mandated Lead Arrangers and Underwriters for the Facility are ABN AMRO Bank N.V., Australia Branch, Australia and New Zealand Banking Group Limited, Barclays Bank plc, Commonwealth Bank of Australia, Dresdner Bank AG, London Branch, The Hongkong and Shanghai Banking Corporation Limited, JP Morgan Chase Bank, N.A, National Australia Bank Limited, Merrill Lynch Commercial Finance Corporation, The Royal Bank of Scotland plc and Westpac Banking Corporation. Contacts:
Paula Hannaford
Richard Nelson |
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Where we provide any advice on this website, it has been prepared without considering your objectives, financial situation or needs. Before acting on any advice on this website, you should consider its appropriateness to your circumstances and, if a current offer document is available, read the offer document before acquiring products named on this website. Past performance of any product described on this site is not a reliable indication of future performance. Other than Macquarie Bank Limited ABN 46 008 583 542 (MBL), any Macquarie Group entity noted on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). That entity's obligations do not represent deposits or other liabilities of MBL. MBL does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise. |
