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Tabcorp Holdings Extends AU$980 Million Syndicated Term Loan Facility

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Tabcorp Holdings (ASX:TAH) extended its AU$980 million syndicated term loan facility on better pricing terms, according to a Tuesday filing with the Australian bourse.

The maturity date of the facility's AU$430 million tranche A was extended to Oct. 14, 2031, from June 14, 2029, while the maturity of AU$550 million tranche B has been extended to June 14, 2029, from July 31, 2027.

The extension, combined with Tabcorp's US private placement and Australian medium-term note debt, increases the company's average debt maturity to 4.4 years from 3.2 years, per the filing.

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