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Allco reaches new agreement with banks

01 September 2008

Allco Finance Group has agreed a new debt facility with its syndicate banks, which managing director David Clarke has said is a breakthrough after protracted negotiations.

The new senior debt facility will be used to repay the group's three existing senior debt facilities, with the amount drawn matching outstanding borrowings of about A$702 million ($608 million)....

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Quote

“At the current pricing it will become attractive again to issue Ex-Im-guaranteed bonds. This will help stabilize and drive pricing down from where it is now.”

Kostya Zolotusky, managing director, capital markets, Boeing Capital, says about the price of export credit.

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