ASIA-PACIFIC

摘要

Listed department-store chain myer holdings has refinanced a A$600m (US$464.7m) revolving credit at maturities of two and four years on better terms and conditions. The refinancing is divided into a four-year Tranche A of A$145m , a two-year tranche B of A$180m and a four-year Tranche C of A$275m. Tranche B matures in August 2017, while Tranches A and C reach maturity in August 2019. The retailer had approached lenders to process a A$625m refinancing at an option of two and four years, as well as an alternative option of three and five years, and had offered 115bp over BBSY for the two-year tenor to 155bp over BBSY for the five-year maturity. The fees started at 15bp for the two-year tenor up to 55bp for the five-year tranche.