Sydney Airport has raised approximately A$1.1 billion (€886 million; $1 billion) in new senior debt facilities.
In a statement, owner Sydney Airport Holdings said the new facilities addressed all of the 2013 debt maturities and provided additional liquidity for a forecast capital expenditure programme. As part of the process, the airport had its BBB or equivalent credit rating reaffirmed by each of three rating agencies.
Sydney Airport ties up A$1.1bn debt refinancing
Australia’s busiest airport, which is run by former Macquarie executives, has raised more than A$1bn in senior debt facilities, addressing all of its debt that was scheduled to mature next year. The refinancing confirmed the airport’s BBB credit rating.
