28-Sep-2012 1:26 PM
Qantas refinances undrawn loan facility
Direct News Source
28-Sep-2012 Qantas today announced it had successfully refinanced the A$300 million undrawn tranche of its unsecured syndicated loan facility. The tranche was due to mature in May 2013.
The undrawn tranche was increased by A$100 million (total A$400 million), with commitments accepted from a syndicate of existing key relationship banks. This revolving loan facility will mature in September 2015.
The Chief Financial Officer of Qantas, Gareth Evans, said the refinancing reinforces the strength of the Qantas Group's key banking relationships.
As this is an undrawn facility, there is no change to the Qantas Group's overall debt position.