Auckland Airport undergoes bank facilities reshuffle

Company News

Auckland International Airport Limited (ASX:AIA) has established two new standby bank facilities totalling NZ$200 million.
 
Auckland Airport said these have been established to refinance NZ$80 million and NZ$35 million undrawn facilities, which are set to mature on 30 April 2016.
 
The two new undrawn standby facilities are provided by BNZ and Westpac and will mature in April 2019.
 
The company said it has also established an additional two year drawn facility of NZ$100 million with Commonwealth Bank of Australia to partly fund its capital expenditure program.
 
Auckland Airport recorded a net profit of $108.6 million at 31 December 2015. 

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