SYDNEY, Oct 15 (Reuters) - Australian gaming and wagering
company Tatts Group (TTS.AX) is exploring raising funds in the
United States, the company told Reuters on Friday. "We are looking to improve our mix of debt by looking at
the U.S. private placement market," Michael Mangos, Tatts'
spokesman said. The unrated company has appointed Bank of America-Merrill
Lynch, National Australia Bank and Westpac Institutional Bank
as agents, it said. Tatts is considering bank and non-bank funding to refinance
a debt facility that matures in June 2011, Mangos added. The gaming company is joining a list of Australian firms
lining up to raise long-term debt in the United States.
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