Aspect Huntley
Transpacific Industries Group Announces Refinancing of $2.35bn Underwritten Syndicated Facility
Monday December 3, 2007, 9:10 am

Original Announcement: Refinancing of $2.35billion underwritten syndicated facility

Transpacific Industries Group announced that a number of banks have underwritten a syndicate facility to refinance $2.35bn of its existing short term debt finance facilities due to mature in December 2007. This follows the Company's recent announcements in relation to its successful: $315m underwritten convertible note placement; and $168m US Private placement. The drawdown from these three facilities in December will finalise the refinancing of Transpacific's existing debt facilities and provide the group with sufficient headroom for future acquisitions and growth opportunities.

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