Cimic
(ASX:CIM) has refinanced and expanded its core working capital cash facility as part of its long term financial strategy.
The new syndicated bank facility is for $2.6 billion split across three and five years.
It replaces the existing $1 billion facility which matures in December 2017.
The refinancing was oversubscribed, receiving strong support from lenders in Australia and Asia, allowing the facility to be upsized.
Cimic is one of the world’s leading international contractors and world’s largest contract miner.
Shares in Cimic
(ASX:CIM) last traded 0.37 per cent lower to $43.13.
