Channel Infrastructure (CHI) has successfully refinanced $205 million of bank debt, resulting in total available debt facilities of $380 million with no maturities within 12 months.
This successful refinancing programme has reduced the company's cost of bank debt, with financing costs now expected to be at the lower end of previous guidance, equivalent to an effective interest rate of 5 to 5.5%.
CEO Naomi James stated that this refinancing programme has established Channel Infrastructure's strong presence in both bank and bond markets, which will support future growth plans and lower the company's cost of capital.
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