Subscribe to RSS feedAsciano gets debt in order with coal in mind
Asciano has met its debt due in May and will have no further repayments for 30 months, the rail and ports firm said yesterday after brokering a deal with its banks.
Loaded up: Asciano marks first stage of balance sheet restructure
The new agreements will leave the company with $846m in undrawn balance as of November 30, giving it "significant financial flexibility to pursue our strategy," Asciano managing director Mark Rowsthorn said.
The new facilities comprise...
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