Optus secures $1.2bn credit line

By

Used for day-to-day operations.

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

Optus secures $1.2bn credit line

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.

Got a news tip for our journalists? Share it with us anonymously here.
Copyright © iTnews.com.au . All rights reserved.
Tags:

Most Read Articles

ANZ's technology division to be impacted by planned cuts

ANZ's technology division to be impacted by planned cuts

NAB makes cuts to technology and enterprise operations division

NAB makes cuts to technology and enterprise operations division

ING Bank Australia cuts days off rate renegotiation, loan top-ups

ING Bank Australia cuts days off rate renegotiation, loan top-ups

Bendigo Bank set to axe 145 "jobs" in technology division

Bendigo Bank set to axe 145 "jobs" in technology division

Log In

  |  Forgot your password?