your right riche,, growth strategies!!
AWE debt refinancing
AWE Limited advises that it has achieved financial close for a $300 million multicurrency bilateral loan facility. This new facility will be used to refinance AWE’s
existing $150 million syndicated bank facility that matures in December 2012.
The facility was self-arranged and AWE has accepted offers from Australia and New Zealand Banking Group Ltd, BOS International (Australia) Ltd and Westpac Banking
Corporation for $100 million each. The new facility is unsecured and has a term of 3 years.
Commenting on the announcement, AWE Limited Managing Director Bruce Clement said:
“The Company appreciates the strong support we received from existing and new lenders in arranging this new facility. The refinancing clearly demonstrates the strength
of AWE’s core business, particularly its production and development assets and the cash flows being generated from these assets.
“Importantly, the facility provides AWE with the financial liquidity and flexibility to deliver the Company’s planned activities and support our growth strategies.”
riche
awe are in the efs with the purchase of adi
your right riche,, growth strategies!!AWE debt refinancingAWE...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
