Macmahon Holdings Limited (ASX:MAH) has secured a new $317.5 million three-year funding facility.
The mining services company advises the bookbuild closed oversubscribed with the facility increasing from an original amount of $280 million.
Macmahon’s Chief Financial Officer Sybrandt van Dyk says the new facility provides stability and certainty of funding to enable future growth.
In addition to the company’s existing lenders, including Commonwealth Bank of Australia
(ASX:CBA), Macmahon has also incorporated a number of new financiers into the facility.
Macmahon Holdings reported a net profit of $30.4 million in the 2014 financial year.
