Downer and Spotless complete $1.3B refinancing | Finance News Network

Downer and Spotless complete $1.3B refinancing

Company News

by Anna Napoli

Downer EDI (ASX:DOW) and Spotless Group (ASX:SPO) have announced the completion of a $1.3 billion dollar refinancing.

The refinancing comprises a $400 million syndicated debt facility for Downer and a $900 million syndicated debt facility for Spotless Group.

Syndication of the debt facilities was launched in March 2018 and received strong support from a range of domestic and international financiers.

Downer says the refinancing has achieved its key objectives of extending the maturity profile of the groups borrowings.

Shares in Downer EDI (ASX:DOW) closed 0.96 per cent higher to $7.38 yesterday.
 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.