Loan extension
New World Development is in talks with a small number of relationship banks to extend an HK$88.2bn ($11.2bn) loan by two years.
The embattled Hong Kong property developer intends to repay 10% of the loan principal as part of the extension package, which will require all lenders’ consent to take effect.
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Data centers
STACK Infrastructure has launched a A$8.585bn ($6bn) five-year senior secured green loan to support the construction of data centers in Melbourne, according to 9fin sources.
Banco Santander, BBVA, Citi, Clifford Capital, Commonwealth Bank of Australia, DBS Bank, Deutsche Bank, HSBC, Korea Development Bank, OCBC Bank, MUFG, Natixis, United Overseas Bank, SMBC, SocGen, and Westpac are mandated lead arrangers, underwriters, and bookrunners of the financing.
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Acquisition financing
Aditya Birla Group will sign a INR 140bn ($1.5bn) loan in the coming days to fund its acquisition of Sprng Energy from Shell.
Axis Bank, State Bank of India, Punjab National Bank and Union Bank of India will participate as lenders. Individual lender commitments are still being finalized. The banks are likely to syndicate the loan to a wider pool of lenders.
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