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The latest announcement is out from Transurban Group ( (AU:TCL) ).
Transurban Group has announced the pricing of US$550 million in senior secured 10.5-year notes through its financing vehicle, Transurban Finance Company Pty Ltd, in the 144A / Reg S market. The proceeds from this issuance will be used to refinance maturing debt, with the notes expected to settle on September 24, 2025, and mature in March 2036. This strategic financial move is aimed at maintaining the company’s robust debt management strategy, ensuring continued stability and operational efficiency.
The most recent analyst rating on (AU:TCL) stock is a Hold with a A$15.00 price target. To see the full list of analyst forecasts on Transurban Group stock, see the AU:TCL Stock Forecast page.
More about Transurban Group
Transurban Group is a prominent player in the infrastructure industry, primarily focusing on the development and management of toll roads. The company operates in Australia and North America, providing essential transportation services that facilitate efficient vehicular movement across major urban areas.
Average Trading Volume: 4,668,820
Technical Sentiment Signal: Buy
Current Market Cap: A$45.19B
See more insights into TCL stock on TipRanks’ Stock Analysis page.