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Australia : Newcrest Finalises US$2.5 billion Corporate Bilateral Loan Facilities.

Newcrest has today finalised renewal of its unsecured bilateral bank lending facilities. The bilateral lending arrangements comprise facility agreements with 10 banks for US$250 million each, for a total amount of US$2.5 billion, over terms of three and five years.

The new bilateral lending arrangements will replace the existing bilateral lending arrangements which mature progressively from late 2012 through to early 2013.

Draw down under the new bilateral lending facilities is subject to customary conditions precedent that are expected to be satisfied in the September 2012 quarter.

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Publication:Mena Report
Article Type:Brief article
Geographic Code:8AUST
Date:Sep 4, 2012
Words:103
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