Calyon, Sole Bookrunner of an AUD 375 million (EUR 225 million) financing being part of a larger financing facility of AUD 750 million (EUR 450 million) on behalf of TAHL

Calyon Australia acted as Sole Bookrunner of an AUD 375 million (EUR 225 million) financing being part off a larger financing facility of AUD 750 million (EUR 450 million) on behalf of TAHL.

The purpose of the facility is to help refinance the company's portfolio of hotels.

The AUD 375 million facility was divided into two tranches:

• a AUD 300 million senior debt,
• a AUD 75 million mezzanine debt.