Fletcher Building has raised $US300 million in long-term debt through a private placement with US investors.
The placement has maturities of ten and twelve years. The proceeds have been used to repay borrowings drawn under Fletcher Building’s principal bank facilities.
In a statement to NZX, the building company says the funds raised have been swapped into Australian dollars in a mix of fixed and floating interest rates.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Sky will take a gamble and put Westworld, aka 'the next Game of Thrones' on Neon
- Warminger stood to gain significant bonus, court hears
- 'Real housewife' lawyers up, accuses Devoy of bullying, defamation
- Affco tried to gag union badmouthing Talleys as condition of meat contract talks
- Spark says 130,000 Xtra mail address at risk after Yahoo hack
Most listened to
- FMA counsel Justin Smith QC described Mr Warminger’s background and the pressure he was under to perform
- Media Snapchat: NBR’s Nick Grant ponders the Human Rights Commission’s role in RHOAKL racism row
- ASB's Jane Turner discusses what's behind NZ's widest month trade deficit
- Kathmandu's Xavier Simonet and Reuben Casey talk through the retailer's results.
- BNZ's Kymberly Martin and Massey University's David Tripe on mortgage rates.