Bloomberg News

Boom Hires National Australia Bank for A$150 Million Facility

June 17, 2011

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.

--Editor: Ed Johnson

To contact the reporter on this story: Katrina Nicholas in Singapore at knicholas2@bloomberg.net

To contact the editor responsible for this story: Shelley Smith at ssmith118@bloomberg.net


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