Financial close for Arindo Global (Netherlands)'s $600m term loan has been pushed back to early October as banks ask for an extension. DBS Bank, Standard Chartered Bank and Sumitomo Mitsui Banking Corp are the mandated arrangers.
A handful of commitments have been received with more seeking credit approval. Calyon, Rabobank and NordLB joined as lead arrangers in senior syndication.
The top level all-in yield is 424bp over Libor.
Bakrie Sumatera Plantations has mandated RZB-Austria to lead arrange a $69m three year multi-tranche facility.
The rubber, palm oil and cocoa producer will use the funds to refinance debt and for working capital.
The deal will be launched into syndication next week.
Mandated lead arrangers DBS Bank and Natexis Banques Populaires will close a $75m one year loan for Bank Ekspor Indonesia today (Friday).
The bullet deal pays a margin of 42.5bp over Libor.
HSH Nordbank, Oversea-Chinese Banking Corp and United Overseas Bank joined at the top level earlier.
Bank Muscat and BayernLB have committed in general syndication. About two to three banks are still processing approvals.
Co-arrangers committing $10m or above earn a top level all-in of 75bp, lead managers providing $5m-$9m gain an all-in of 73bp and senior managers lending $3m-$4m receive an all-in of 72bp.
Proceeds will be used to fund the borrower's export activities. Signing will be on October 10.
Syndication of United Tractors' $125m three year dual tranche fundraising should close next week. BNP Paribas, Oversea-Chinese Banking Corp, Standard Chartered Bank and Sumitomo Mitsui Banking Corp are leading the facility.
Commitments have been received from two banks with more to revert in the coming week.
The loan comprises a $65m tranche and a $60m revolving credit. The margin is 200bp over one, two, three or six month Sibor.
