News: Aston secures credit

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    Aston Resources Limited (ASX:AZT) has secured $350 million in revolving credit facilities.



    ANZ (ASX:ANZ) and Macquarie Bank (ASX:MQG) have co-underwritten a corporate loan and bank guarantee facility, that can be increased to $250 and $100 million respectively.



    The facilities will materially reduce the cost of funding for Aston.



    CFO Tom Todd said the refinancing of the Noonday acquisition facility, is a milestone for the company.



    For the second half of last year, Aston reported a profit of $62.9 million.


 
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