Qantas has successfully refinanced a A$430 million ($454 million) term loan tranche and opened a new revolving loan facility.
The refinanced term loan tranche is part of an A$1.28 billion unsecured syndicated loan facility that will mature in April 2017.
The Oneworld carrier said in a notice to the Australian Securities Exchange that there was an over-subscription to the refinancing, which has allowed it to increase the term loan facility to A$550 million. It adds that the increased principal will be used to pay down shorter-term debt maturities.
The airline has also been able to establish a new A$230 million revolving loan facility that will also mature in April 2017.
Qantas adds that its next material unsecured maturity falls in April 2015.