Melbourne Airport has announced that it has completed a $1.25 billion refinancing in two transactions which will help fund the next phases of the airport’s capital works program.
The airport has completed a new $900 million bank facility which follows on from the issuing of $350 million of domestic notes placed recently with a number of international and local institutions. The new funding will refinance debt maturing in the first half of the 2011 calendar year.
“Melbourne Airport is a secure business that produces consistent, measured growth and strong returns – evidenced by the confidence in our operations shown by the debt investors and banks,” said chief financial officer Kirby Clark.
“The refinancing will increase capacity and investment in infrastructure to drive economic growth, underpin tourism and connect millions of people around Australia and across the globe, with benefits to flow to the Victorian community.”
