Transurban Refinanced $1,650 million Syndicated Bank Facility

  • Nov 08, 2019 AEDT
  • Team Kalkine

Transurban Group (ASX: TCL)) has announced that Transurban Finance Company Pty Ltd, financing vehicle, has successfully refinanced its existing $1,650 million Corporate Syndicated bank debt facility. The new facility consists of 2 tranches of $825 million with the tenor of three and five years, respectively.

The transaction refinanced the existing facility in advance before its maturity with the new facility continuing to be used to fund the ongoing construction to West Fate Tunnel and for general purpose.

The company’s CEO, Adam Watson commented “The Syndicated bank facility is one of the key sources of funding supporting the delivery of Transurban’s development pipeline including the West gate project”.

At AEST (12:58 PM), the stock was trading lower at $14.650, down by 1.678 per cent from the previous close.

 

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