Launch of Debt Deal

Story on Bloomberg I was forwarded that does not appear to have been picked up by the other financial wires, so thought it worth sharing.

Headline is "Vocus Group Seeks $1.4bn-Equivalent Loan". Article mentions ANZ, CBA, HSBC and NAB have been mandated, with roadshows scheduled for Sydney 15th May, Singapore 16th May and Taipei 17th May, with commitments due 7th June. The facility is based on a number of tranches spread across 2.25 to 4.25 years.

Given the blended duration of the new facility, once this is closed any notion of a capital raise will well and truly have been lifted.