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Transurban Group Announces Financial Close of A$1,650m in Syndicated Bank Facility

08 Nov 2019  |  11:51:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Financial Close of A$1,650 Million Syndicated Bank Facility

Transurban Group announced that Transurban Finance Company, the Company's financing vehicle, has successfully refinanced its existing A$1,650m corporate syndicated bank debt facility. The new facility comprises two tranches of A$825m with tenors of 3 and 5 years respectively. The transaction refinanced the existing facility well in advance of its maturity, with the new facility continuing to be used to fund the ongoing construction of West Gate Tunnel as well as for general corporate purposes.

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