Boral Limited Increased and Extended its Debt Financing Facilities

  • May 15, 2020 12:26 PM AEST
  • Team Kalkine

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-

Gold MTF non-AMP

  • 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
The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.

 

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK