Auckland airport completes debt refinancing

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Auckland International Airport has completed refinancing of its debt, after securing $150 million in new funds.

It has established a $150 million bilateral standby bank facility to refinance a syndicated $100 million standby bank facility maturing on 10 March 2010, says the airport.

The new standby facility will mature on 10 March 2013.

It is provided by the Bank of Tokyo-Mitsubishi UFJ and will "support Auckland Airport's commercial paper programme and provide additional committed, but undrawn, funding lines or 'liquidity headroom'," says the airport.