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FINWIRES

Transurban Group Says Westlink M7 Financing Arm Secures AU$300 Million Syndicated Loan

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Transurban Group (ASX:TCL) said that WSO Finance, the financing arm of the Westlink M7, has raised AU$300 million through a syndicated bank facility to support the asset's funding requirements, according to a Tuesday Australian bourse filing.

Transurban holds a 50% stake in the Westlink M7, per the filing.

The proceeds will be used to refinance existing debt and cover related transaction costs, with the new facility scheduled to mature in April 2029, the filing added.

The company's shares rose around 1% in recent Tuesday trade.

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