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Syndication is under way for a A$500m ($380m) five year facility to support Philippine consumer food and beverage company Universal Robina Corp’s acquisition of Snack Brands Australia. -
China Universal Leasing, which had initially invited banks to a Rmb1bn ($150.5m) onshore loan, is considering boosting the size of the facility following a good response during syndication.
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Fresenius has completed a €1.2bn incremental loan to help fund the acquisition of Spanish hospital group Quirónsalud. The company has also added a fourth bank to a separate €3.75bn club loan to help fund the purchase, according to a banker close to the deal.
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The Ranger learnt a cruel lesson on the dangers of partying recently, and it seems the loan market has also had a few close calls with the perils of revelry.
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Panama-based BAC International Bank is looking to Asia for a $75m three year borrowing, via two lead banks.
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A $3.5bn dual-tranche borrowing to back Tencent Holdings' acquisition of a stake in mobile gaming company Supercell, has been allocated. Three Chinese mandated lead arrangers and bookrunners held on to 60% of the loan at the end of general syndication.
