Lets have some more debt
Qantas announces successful refinancing
Published 3:59 PM, 28 Sep 2012
By a staff reporter
Qantas Airways Ltd has announced the successful refinancing of the $300 million undrawn tranche of its unsecured loan facility, which was due to mature in May 2013.
In a statement to the Australian Securities Exchange, the national carrier said the undrawn tranche was increased by $100 million, with commitments accepted from a syndicate of existing key relationship banks.
The revolving loan facility, worth a total of $400 million, will mature in September 2015.
Qantas chief financial officer Gareth Evans said the refinancing reiterates the strength of the company's key banking relationships.
The announcement has no bearing on the Qantas Group's overall debt position.
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