Transurban Secures A$200 Million Financing for WestConnex

Transurban Group ( (AU:TCL) ) has shared an announcement.

Transurban Group has announced the successful financial closure of a A$200 million 10-year syndicated bank facility through WestConnex Finance Company Pty Limited. This new facility, which will mature in May 2035, is set to rank equally with WestConnex’s existing senior debt, reinforcing Transurban’s strategic investment in WestConnex, where it holds a 50% interest. This move is expected to bolster the company’s financial stability and enhance its position in the infrastructure sector.

The most recent analyst rating on (AU:TCL) stock is a Hold with a A$13.33 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 urban mobility.

Average Trading Volume: 6,714,859

Technical Sentiment Signal: Buy

Current Market Cap: A$44.14B

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