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Westralia Airports Corporation completes major financing

2-Oct-2009 8:37 AM

Australia's Westralia Airports Corporation, owner and operator of Perth Airport, completed (01-Oct-2009) major financing by agreeing to new debt facilities totalling AUD740 million (USD642.5 million). In addition, the company’s shareholders have also committed further funding totalling AUD142 million (USD123.3 million). The new financing will be used to refinance existing bank debt facilities and to fund the airport’s substantial capital expenditure programme. The new debt facilities are being provided by a total of eight banks from Australia, Europe and Asia. [more - Westralia] [more - Perth Airport]