Australia’s Lend Lease has secured a $1.04 billion syndicated loan, Reuters reports. The fully integrated property solutions provider initially targeted $800 million.
The new loan consists of a $634 million piece, maturing in July 2014 and a $405 million piece, maturing in July 2016. The company intends to use the funds to refinance the group’s fully drawn $608 million club loan that is due to mature in December 2011, adds Ninemsn.
Click here for the story from Reuters.
Click here for additional coverage from Ninemsn.