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The latest update is out from Downer EDI Limited ( (AU:DOW) ).
Downer EDI Limited has successfully refinanced $1 billion of its $1.3 billion syndicated sustainability-linked loan facility, which includes four tranches with varying maturities. This refinancing is part of an overall review of funding and liquidity requirements and extends the company’s average debt maturity profile to approximately 3.4 years. The transaction, backed by major financial institutions, reflects Downer’s improved operating performance and strong financial position, providing flexibility for upcoming debt maturities.
The most recent analyst rating on (AU:DOW) stock is a Hold with a A$5.77 price target. To see the full list of analyst forecasts on Downer EDI Limited stock, see the AU:DOW Stock Forecast page.
More about Downer EDI Limited
Downer EDI Limited is a leading provider of integrated services in Australia and New Zealand, focusing on creating and sustaining modern environments. The company collaborates closely with its customers to design, build, and maintain assets, infrastructure, and facilities using world-leading insights and solutions.
YTD Price Performance: 17.67%
Average Trading Volume: 1,029,105
Technical Sentiment Signal: Buy
Current Market Cap: A$4.06B
For an in-depth examination of DOW stock, go to TipRanks’ Overview page.