Company Overview of Hills Motorway Group
Hills Motorway Group engages in the operation and maintenance of a motorway in Sydney, Australia. The company operates Hills M2, a 21km motorway that links the lower north shore and the northwest regions of Sydney, Australia. Hills Motorway Group holds concession to operate and maintain the motorway until 2042. The company is based in North Ryde, Australia. As of May 20, 2005, Hills Motorway Group is a subsidiary of Transurban Group.
Locked Bag 2215
North Ryde, NSW 1670
Founded in 1997
Key Executives for Hills Motorway Group
Hills Motorway Group does not have any Key Executives recorded.
Hills Motorway Group Key Developments
Transurban Announces Financial Close of the Hills M2 Motorway Refinancing
Mar 17 15
Transurban announced that Hills M2 has reached financial close on a $755 million refinancing of its senior secured debt facilities. The debt has been provided by Canadian Imperial Bank of Commerce, Citibank, Commonwealth Bank of Australia, Credit Agricole CIB, National Australia Bank, JPMorgan Chase Bank, Mizuho Bank, Royal Bank of Canada, Scotiabank and Westpac Banking Corporation. The debt will have maturities of 3 years ($405 million) and 5 years ($350 million). The successful completion of the refinancing has: extended Hills M2 debt maturities from 2015 and 2016 to 2018 and 2020; diversified the broader Transurban Group's banking group with the introduction of three new lenders; and delivered immediate financing cost savings on an all-in basis in the order of 140 basis points.
Hills M2 Reports Audited Earnings Results for the Full Year Ended June 30, 2014
Sep 4 14
Hills M2 reported audited earnings results for the full year ended June 30, 2014. For the year, total revenue of AUD 199 million, EBITDA of AUD 162 million, profit before tax of AUD 27 million and proportional net profit of AUD 43 million compared to total revenue AUD 148 proportional EBITDA of AUD 117 million, proportional profit before tax of AUD 17 million and proportional net profit of AUD 42 million for the same period a year ago.
Hills M2 Announces Revenue Result for the Fourth Quarter and Full Year Ended June 30, 2014
Jul 9 14
Hills M2 announced revenue result for the fourth quarter and full year ended June 30, 2014. For the quarter, the company announced total toll revenue, net of GST of AUD 50,495,000 compared to AUD 37,684,000 for the same period a year ago.
For the full year, the company announced total toll revenue, net of GST of AUD 193,015,000 compared to AUD 143,322,000 for the same period a year ago.
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