BASIS POINT-Leighton mandates three banks for A$450 mln loan

MELBOURNE, Aug 18 (Reuters Basis Point) - Australian
contractor Leighton Holdings Ltd (LEI.AX) has mandated
Australia and New Zealand Bank (ANZ.AX), Commonwealth Bank of
Australia (CBA.AX) and nabCapital (NAB.AX) for a A$450 million
($390 million) three-year revolving credit.

Proceeds will be used for working capital and general
corporate purposes, including a partial refinancing and
repayment of existing facilities, Leighton said in a statement.

Syndication is expected to launch to both existing and new
banks in Australia and offshore.

The loan has been structured on an unsecured basis,
consistent with the company's existing debt.

Separately, Westpac Banking Corp (WBC.AX) is providing the
company with a A$150 million working capital revolver as a
bilateral, banking sources said.
($1=1.15 Australian Dollar)
(Reporting by Sharon Klyne)