premise: The facility, which was launched last week, is led by six mandated lead arrangers and bookrunners — BNP Paribas, Citi, ING, Mitsubishi UFJ Financial Group, Standard Chartered and Sumitomo Mitsui Banking Corp. The deal is split into three tranches: a $297m term loan, a Rph3.05tr term loan ($245m) ...
hypothesis: The facility launched last week and is led by six lead arrangers and bookrunners, they oversee the deal which is split into three tranches but they do not have anyone to oversee them.
reason: We do not know if there is oversight on the lead arrangers or if they oversee each other, perhaps they do.  The system was thrown off by the lack of details about the last part of the statement.