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James Hardie ( (AU:JHX) ) has issued an announcement.
James Hardie Industries announced the successful syndication of new credit facilities totaling $3.5 billion to support its operations and a planned merger with The AZEK Company Inc. The new facilities include a $1 billion revolving credit facility and a $2.5 billion senior secured Term Loan A, which will enhance the company’s financial flexibility and reduce bridge facility commitments from $4.3 billion to $1.7 billion. This move is expected to strengthen James Hardie’s market position and support its growth strategy, reflecting investor confidence in the company’s future prospects.
The most recent analyst rating on (AU:JHX) stock is a Buy with a A$55.00 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
More about James Hardie
James Hardie Industries plc is a global leader in the building materials industry, primarily known for manufacturing fiber cement products. The company focuses on providing durable and sustainable building solutions and is listed on the Australian Securities Exchange under the ticker JHX.
YTD Price Performance: -29.22%
Average Trading Volume: 2,628,785
Technical Sentiment Signal: Sell
Current Market Cap: A$15.23B
For detailed information about JHX stock, go to TipRanks’ Stock Analysis page.