Woodside Petroleum $1 billion syndicated financing

Overview:

• Woodside Petroleum  negotiated a $1 billion loan from a syndicate of banks to refinance and for new working capital facilities. 
• The banking syndicate comprised 27 domestic and international banks.
• The financing structure involved two equal tranches with tenors of three and five years. 
• Funds were used for the prepayment of the drawn component of the $1.1 billion syndicated loan facility executed in December 2010 and for capital expenditure and general corporate purposes.

 Katrin Kostadinova - Data analyst