Leading the way
in syndicated loans NAB is a leading arranger, underwriter and bookrunner of
syndicated loans. We remain at the forefront of innovation,
maintaining a strong network of relationships across the
region to facilitate our Australasian clients’ transactions.
NAB has consistently delivered some of the most
important syndicated loan transactions in Australia,
distributing facilities successfully across the domestic
and Asian markets.
strategy, bank co-ordination, loan documentation and
financial close.
Our end-to-end loan capabilities
Issuers can engage with us at any level depending
on their needs – we can provide simple credit
approvals or act in a full mandated lead arranger and
bookrunner capacity.
We are a leading arranger of best efforts syndicated
loans, which provide a high service low cost option
for borrowers.
We’re also a leading provider of agency management
and security trustee services for multi-lender loan
facilities:
However, we are also willing to use our extensive
balance sheet to underwrite transactions for clients,
providing:
• Managing a portfolio of A$50.5 billion in bank loans
with syndicates of nearly 50 participants.
• Full underwrites: guaranteeing a fixed price and
volume loan; or
• Volume underwrites: guaranteeing the volume
of the loan, leaving prices to market forces.
We work with issuers and investors, providing
seamless end-to-end transaction management that
spans loan structuring, credit approvals, syndication
• Dedicated relationship and administration staff
with a wealth of experience in managing various
structures and creditor groups to ensure efficient
and seamless facility administration.
• Experience in Facility Agent, Security Trustee,
Common Terms and Inter-creditor Agent roles
currently acting on over 200 deals.
Origination/Structuring
Execution
Distribution
Advise on approach to market and
provide detailed syndication strategy
Determine the most effective timeline
and marketing strategy
Invite investors and manage
roadshow activities
Inside knowledge on current
market conditions
Prepare and manage all syndication
materials including:
• Invites
• Information memorandum
• Bank presentation
Co-ordinate approvals and
manage Q&A
Experience in all sectors and ratings
High touch co-ordination of
documentation, including draft
through to execution
Co-ordinate documentation
approvals and signing
Provide underwriting if certainty
is required
Close syndication and achieve
financial close, working closely
with NAB as facility agent
Provide guidance on terms acceptable
to market
Secondary market can be provided
as requested
Access a complete debt funding network | Debt Capital Markets
A rewarding year
We’ve cemented our position as a market leader in
syndicated loans and worked on some of the market’s
most significant transactions.
American Express Credit Corporation
A$2,000m | Syndicated Loan Facility
Mandated Lead Arranger & Bookrunner
July 2013
Leighton Holdings
A$1,000m | Syndicated Loan Facility
Mandated Lead Arranger, Bookrunner & Agent
June 2013
Aurizon Network Pty Ltd
A$3,000m | Senior Debt Facilities
Joint Mandated Lead Arranger, Underwriter &
Bookrunner, Syndicated Credit Facility | June 2013
Computershare Limited
US$250m | Syndicated Loan Facility
Mandated Lead Arranger, Bookrunner & Agent
June 2013
Echo Entertainment Finance
A$750m | Syndicated Loan Facility
Mandated Lead Arranger & Bookrunner
June 2013
Case study
A transformative transaction:
Aurizon Network A$3,000 million
senior debt facilities
Aurizon Holdings implemented a new longterm capital structure, involving standalone
debt facilities at both Aurizon and its subsidiary,
Aurizon Network.
Aurizon Network controls, manages, operates
and maintains the fixed rail infrastructure ‘below
rail’ assets on the Central Queensland Coal
Network (CQCN). The company delivers rail
infrastructure to the major mines in the Central
Queensland coal regions and is the largest coal
export rail network in Australia.
The restructure involved the establishment of
$3,000 million of senior debt facilities for the
Network’s funding structure to better match
debt with the regulated asset base. The deal
also represented a new area of funding diversity
for the borrower. NAB undertook a key role in
working jointly to establish a syndicated
loan facility.
Contribution to market development
Arrium Finance
A$800m | Syndicated Loan Facility
Mandated Lead Arranger, Bookrunner & Agent
June 2013
Ingham Enterprises
A$748m | Mandated Lead Arranger
Underwriter and Bookrunner
June 2013
Downer Group Finance
A$400m | Syndicated Loan Facility
Mandated Lead Arranger, Bookrunner & Agent
April 2013
Musselroe Wind Farm
A$280m | Project Finance Facility
Sole ECA Arranger, MLAB, Agent & Security Trustee
February 2013
Whitehaven Coal
A$1.2bn | Syndicated Loan Facility
MLA, Underwriter & Bookrunner
January 2013
Energy Australia Finance
A$750m | Syndicated Loan Facility
Mandated Lead Arranger & Bookrunner
December 2012
The structure placed debt against regulated
asset base of borrower, which is a new direction
for this sector. Previous debt/regulated
asset base deals in the Australian market
have been more focused on the utilities and
airports sectors, so the deal represents a real
development for this part of the market.
In addition to financing existing debt in a more
intelligent way, the transaction provides the
borrower with capital expenditure funding to
further develop the Central Queensland Coal
Network, which is Australia’s largest export coal
rail network and one of the world’s largest and
most complex supply chains. The network is a
critical contributor to the economy of the state
and of Australia.
Contacts: Stephen Boyd
Head of Corporate Debt Markets Origination
T +61 2 9237 1348 | E stephen.boyd@nab.com.au
Mark Bower
Director, Corporate Debt Markets Origination
T +61 2 9237 1320 | E mark.bower@nab.com.au
These documents have been prepared for information purposes only. They do not constitute an offer to provide finance or assist in the provision of finance by NAB or any
of its related entities. They do not contain all information relevant for determining what types of facilities are appropriate for your circumstances.
© 2013 National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686 A104952-1113