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Cardno Announces Restructuring Debt Facilities

06 Dec 2018  |  14:05:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Cardno Restructures Debt Facilities

Cardno advised that the Company has completed the re-finance and increase of its bank debt facilities. The new facilities will replace the Company's existing bank facilities and provide funding flexibility for acquisitions and general corporate and working capital purposes. The existing US$91.6m facility, scheduled to mature in December 2019, has been re-financed with two three-year, multi-currency revolving facilities with limits of US$83.0m and A$110.75m respectively. The new banking group comprises HK and Shanghai Banking Corporation, National Australia Bank and the Commonwealth Bank of Australia.

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