According to The Australian Financial Review, Japanese lenders Mizuho and SMBC have joined Carsales.com’s now 10-strong bank syndicate, and helped fuel its newly acquired trucks and recreational vehicle platforms owner Trader Interactive.
Following months of talks with existing and new banks, Carsales has ruled off a record $1.6 billion debt package, split into 18-month, three- and five-year credit facilities.
It is understood Mizuho, SMBC and French bank BNP Paribas were the three new faces in the syndicate, while each of Carsales’ existing banks opted to go again.
The seven existing banks included Australia’s big four, MUFG, HSBC and Bank of China.
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