Fletcher Building raises $US300m to repay bank debt

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.


4 · Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

Post Comment

4 Comments & Questions

Commenter icon key: Subscriber Verified

Into debt and taxpayer will bail-out later.

Reply
Share
  • 0
  • 0

I doubt you pay taxes anyway with such an ill informed comment.

Reply
Share
  • 0
  • 0

Well Matt Y, that has to be the best reply to an idiotic comment that I have read. Fantastic 10/10.
Why do these people comment on things they know nothing of?

Reply
Share
  • 0
  • 0

Fletchers obviously need the money, to prop up there failing investments; especially the recent large purchase in Australia.

CEO Ling looks like a fair weather sailor to me. Ask yourself why you would buy (paying double)at the top of a business cycle? Not too mention, the sad state of Placemakers!!

I'd be surprised if Ling survived winter.

Reply
Share
  • 0
  • 0

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.6880 -0.0009 -0.13%
AUD 0.9206 -0.0017 -0.18%
EUR 0.6017 0.0026 0.43%
GBP 0.4758 0.0011 0.23%
HKD 5.3391 -0.0071 -0.13%
JPY 73.7210 0.0870 0.12%

Commods

Commodity Price Change Time
Gold Index 1278.3 -8.060 2016-05-04T00:
Oil Brent 45.1 -1.390 2016-05-04T00:
Oil Nymex 44.4 0.140 2016-05-04T00:
Silver Index 17.3 -0.200 2016-05-04T00:

Indices

Symbol Open High Last %
NZX 50 6824.5 6876.5 6824.5 0.76%
NASDAQ 4735.3 4751.6 4763.2 -0.79%
DAX 9849.7 9921.4 9828.2 0.08%
DJI 17735.0 17738.1 17750.9 -0.56%
FTSE 6112.0 6152.6 6112.0 -0.02%
HKSE 20363.9 20534.8 20525.8 -0.37%
NI225 16357.1 16357.1 16666.0 -3.11%