Boral Limited Increased and Extended its Debt Financing Facilities

1 min read | May 15, 2020 12:26 PM AEST | By Team Kalkine Media

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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.

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