Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Auckland Airport’s North Queensland Airport Group refinances

Auckland Airport’s North Queensland Airport Group refinances A$587M of debt facilities

Dec. 20 (BusinessDesk) – North Queensland Airport Group, which is a quarter owned by Auckland International Airport, has refinanced A$587 million of maturing bank facilities, including A$88 million for future capital expenditure needs.

North Queensland Airport, which owns and operates Cairns and Mackay Airports, has refinanced its existing three and five year facilities, the Cairns-based group said in a statement.

“Auckland Airport welcomes the refinancing of maturing debt, which provides the North Queensland Airport Group with the certainty it needs to progress its capital expenditure programme and invest for future growth,” chief financial officer Simon Robertson said in a statement.

The debt facilities were supported by the group’s existing banks, Westpac Banking Corp, Commonwealth Bank of Australia, National Australia Bank, and ANZ and includes ING as a new lender.

Auckland Airport’s shares rose 1.1 percent to $3.60 yesterday, and have gained 35 percent this year, beating the 12 percent gain in the NZX All Index, a capital measure of the domestic equities, over the same period.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Trade Plans: Prime Minister's Speech To International Business Forum

"The work to improve public services, build infrastructure, and solve social problems is possible only because we have enjoyed sustained, solid economic growth. A big reason for that is the Government’s consistent agenda of economic reform, and our determination to open up more opportunities for trade with the world." More>>

ALSO:

Media: TVNZ Flags Job Cuts To Arrest Profit Decline

Chief executive Kevin Kenrick said the changes were aimed at creating "a sustainable future video content business for TVNZ in an ever-changing media market." More>>

ALSO:

Reserve Bank: Wheeler Keeps OCR At 1.75%

Reserve Bank governor Graeme Wheeler kept the official cash rate unchanged at 1.75 percent, as expected, and reiterated his view that the benchmark rate doesn't need shifting for the foreseeable future. More>>

ALSO:

f work for Pumpkin Patch staff

Retail: Pumpkin Patch Brand, IP Sold To Catch Group

The receivers of failed children's clothing retailer Pumpkin Patch have confirmed that the company's brand and intellectual property have been sold to Australian online retailer Catch Group. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news