14 April 2008
COMPLETED AND EXECUTED FINAL DOCUMENTATION OF RENEWED
CORPORATE FACILITY
International investment and specialised fund and asset management group
Babcock & Brown (ASX: BNB) today announced that it has completed and
executed final documentation on the renewal and extension of its 3 year
evergreen corporate facility.
The facility has been extended from April 2010 to April 2011. The banking
syndicate has been expanded from 20 to 25 banks and has approved an
increase in the size of the facility from $2.35 billion to $2.8 billion. The
expansion of the facility has been secured with only a small increase in margin
which is more than offset by the decline in base rates in Babcock & Brown’s
primary markets outside Australia.
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