Optus secures $1.2bn credit line

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Optus secures $1.2bn credit line

Used for day-to-day operations.

Optus has secured a three-year $1.2 billion revolving credit facility with 12 banks.

The facility would be used for "general corporate purposes and to refinance existing facilities", the telco said in a brief statement overnight.

The banks included ANZ, CBA, JP Morgan Chase and Westpac.

Parent company SingTel secured a S$2.16 billion credit facility of its own, also for three years.

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