June 17 (Bloomberg) -- Boom Logistics Ltd., a Melbourne- based company providing equipment such as cranes, hired National Australia Bank Ltd. to help it organize a A$150 million ($158 million) loan, according to an e-mailed statement from the bank.
Proceeds from the three-year revolving credit facility will be used for working capital, refinancing and general corporate purposes, the statement said.
National Australia Bank is inviting other lenders to participate in the transaction, the statement said. In a revolving facility, money that’s been repaid can be borrowed again.
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