(Corrects story from March 14 after company corrects error in its Feb. 22 regulatory filing regarding loan’s maturity date.)
Transfield Services Ltd. (TSE) signed a three-part loan due 2016 with about 11 banks to refinance debt, according to data compiled by Bloomberg.
Australia & New Zealand Banking Group Ltd. (ANZ) and Westpac Banking Corp. were the arranging banks and were joined by about nine other lenders, including several financial institutions from Asia, the data show.
Transfield said in a Feb. 22 regulatory filing that it had “received credit commitments from existing lenders to extend the full debt facility scheduled to mature in December 2012 until March 2016 and final documentation will be completed in coming weeks.”
Following this extension, the group’s average debt maturity profile will increase from 2.7 years to 3.6 years, according to the Australian stock exchange statement.
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