MARKETS

APA Group secures $1 billion facility

PIPELINE developer and infrastructure operator APA Group has secured A$1 billion in loans from a syndicate of banks and financiers in a clear vote of confidence in the businesses outlook.

paul hunt

Shares in APA jumped 4% on the announcement it had locked in a $1 billion of senior unsecured debt via a syndicated loan facility. Funds will be used to refinance variable debt APA used to finance...

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