Village Roadshow Cinema Unit Hires ANZ for A$100 Million Loan

Village Cinemas Australia Pty, owned by Village Roadshow Ltd. (VRL), hired Australia & New Zealand Banking Group Ltd. (ANZ) to arrange a A$100 million three-year loan, according to an e-mailed media release from the bank.

Proceeds from the facility will be used to refinance debt and for general corporate purposes. ANZ is marketing the facility to other lenders in syndication and the loan will comprise a A$60 million term facility and a A$40 million revolving facility, according to the release.

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