Fletcher Building gets $345M additional debt facilities from 3 existing syndicate banks

Fri, 08 Sep 2017

By Jonathan Underhill Sept. 8 (BusinessDesk) - Fletcher Building, whose leverage almost doubled in 2017, said it has arranged an additional $345 million of debt facilities with three banks in its existing syndicate. The construction and building products group said the new facilities were "in line with Fletcher Building’s scheduled refinancing programme, and will allow the company to work with its lenders to access longer term funding solutions." Chief financial officer Bevan McKenzie said the new facilities show the company continues...

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