| | ASX: Refinance of working capital facilities | | |
(10/10/2008) |
AWB Limited has renegotiated the $280 million tranche of the syndicated loan facility until October 2009.
This facility, which is a working capital facility, has been refinanced with the same syndicate of banks at a price that is not materially different to the current terms.
In addition, the maturity of the Rural Trade Receivables Trust has been extended for a further six months to April 2009. This facility is a $280 million committed securitisation program of the Landmark receivables. A six months extension is in line with the terms and conditions of the facility.
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Mob: 0400 896 809