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Treasury Wine Estates Limited (ASX:TWE) has refinanced its $300 million debt facility, splitting it into two tranches of $150 milllion.The company says the tranches will have maturity debts in April 2018 and April 2020 as opposed to the existing maturity date of April 2016.CFO Tony Reeves says the refinancing is consistent with the company’s funding strategy of maintaining future financial flexibility through diverse funding sources.The deal will increase the duration of debt and deliver a lower margin over base interest rates.Treasury Wine Estates reported a net profit of $42.6 million in the first half of the 2015 financial year.
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