Bloomberg News

ConnectEast Said to Seek A$1.2 Billion Loan to Refinance Debt

February 21, 2012

Feb. 21 (Bloomberg) -- ConnectEast Group, the owner and operator of EastLink motorway in Melbourne, approached banks seeking a loan of about A$1.2 billion to refinance debt, according to three people familiar with the matter.

The facility may involve loans with between three- and seven-year maturities, the people said, asking not to be identified as details are private.

ConnectEast has a A$1.2 billion debt facility with portions due in November this year and November 2014, according to data compiled by Bloomberg. Commonwealth Bank of Australia, Societe Generale SA, United Overseas Bank Ltd. and BOS International arranged the loans in 2004, the data show.

ConnectEast spokesman Peter De Luca didn’t immediately respond to an e-mail seeking comment on the refinancing talks.

To contact the reporter on this story: Sarah McDonald in Sydney at smcdonald23@bloomberg.net

To contact the editor responsible for this story: Katrina Nicholas at knicholas2@bloomberg.net


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