13 January 2023 Thiess secures A$900 million syndicated term loan Thiess has secured a new A$900 million syndicated term loan, successfully refinancing part of its existing finance facilities. With the completion of this debt refinancing, Thiess has diversified its existing banking relationships and introduced new global partners with market leading capabilities into the syndicate. The new term loan provides Thiess with a debt facility of A$900 million, aligning the maturity with its diversification strategy and continuing Thiess’ commitment to a capital structure commensurate with an investment grade credit profile. Thiess Chief Financial Officer Craig Morton said: “We thank our financiers for their support and look forward to working with them as Thiess continues to deliver strong operating performance and diversify our business in accordance with our sustainable resources strategy.”
RXM Price at posting:
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