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Transurban Group ( (AU:TCL) ) has shared an announcement.
Transurban has secured a new A$162 million bank financing facility for its wholly owned Lane Cove Tunnel asset, with the proceeds earmarked to repay existing debt and cover associated transaction costs. The facility, which matures in December 2031, extends the tunnel’s debt profile and supports Transurban’s capital management strategy, helping to stabilise the financing of a key toll road asset and providing greater long-term certainty for investors and other stakeholders.
The most recent analyst rating on (AU:TCL) stock is a Buy with a A$16.10 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 toll road operator that develops, owns and manages urban toll road networks, providing long-term infrastructure and transport services in Australia and other markets.
YTD Price Performance: 10.06%
Average Trading Volume: 4,659,199
Technical Sentiment Signal: Buy
Current Market Cap: A$44.82B
See more insights into TCL stock on TipRanks’ Stock Analysis page.