Qantas refinances A$300m syndicated loan

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The Qantas Group has refinanced an unsecured and syndicated loan facility worth A$300 million ($314 million), but this will not affect the carrier's debt position because the tranche is not drawn.

The undrawn tranche's amount was increased to A$400 million, with commitments accepted from a syndicate of banks that Qantas has relationships with, says Qantas.

The loan facility will mature in September 2015, it adds.