Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

ConnectEast Said to Seek A$1.2 Billion in Refinancing Loan

Don't Miss Out —
Follow us on:

Feb. 21 (Bloomberg) -- ConnectEast Group, the owner and operator of EastLink motorway in Melbourne, approached banks seeking a loan of about A$1.2 billion ($1.3 billion) to refinance debt, three people familiar with the matter said.

The facility may involve loans with between three- and seven-year maturities, the people said, asking not to be identified as details are private.

The company expects to complete the refinancing process in the second quarter of the year, Melbourne-based ConnectEast spokesman Peter De Luca said in an e-mailed response to queries from Bloomberg.

“Refinancing discussions are underway with lenders covering a range of tenors in the bank debt market,” he said, with reference to some of the company’s debt which is due in November.

ConnectEast has a A$1.2 billion debt facility with portions due in November this year and November 2014, according to data compiled by Bloomberg. Commonwealth Bank of Australia, Societe Generale SA, United Overseas Bank Ltd. and BOS International arranged the loans in 2004, the data show.

To contact the reporter on this story: Sarah McDonald in Sydney at smcdonald23@bloomberg.net.

To contact the editor responsible for this story: Shelley Smith at ssmith118@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.