Australia-based building products and construction material group, Boral Limited (ASX:BLD) disclosed completion of new debt facilities and provided an update on the impact of COVID-19. The group disclosed that-
- it has increased and extended its debt financing facilities with a new US Private Placement note issue of US$ 200 million;
- the approvals for new bilateral 2-year bank loan facilities totaling AU$365 million;
- the approvals to extend US$665 million of the Company’s existing US$750 million debt facility from July 2021 to June 2024.
The group has provided a further update on COVID-19 impacts and stated that its operations are considered to be within the critical construction sectors that have been allowed to operate as essential businesses during COVID-19.
Disclaimer
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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