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Tuesday, December 22

Auckland Airport completes $150 million refinancing of maturing standby facility

Auckland International Airport Limited (Auckland Airport) has established a new bilateral $150 million standby bank facility to refinance a syndicated $100 million standby bank facility maturing 10 March 2010.

The new standby facility will support Auckland Airport’s commercial paper programme and provide additional committed, but undrawn, funding lines or “liquidity headroom”.

The new facility is being provided by Bank of Tokyo-Mitsubishi UFJ and matures on 10 March 2013.

Mike Ryff, General Manager, The Bank of Tokyo-Mitsubishi UFJ Limited, said, “We are very pleased to support Auckland Airport with this facility.”