Banks back Port Waratah Coal Services in $230M deal
Major international and domestic banks are not shying away from coal sector deals, if we are to take anything from NSW-based coal handler Port Waratah Coal Services' latest debt deal, according to the Australian Financial Review.
It is understood Port Waratah Coal Services has just signed off on a $230 million-odd refinance in a deal underwritten by Japan's Mitsubishi UFJ and to be syndicated more widely.
The new debt is expected to be available to Port Waratah Coal Services next month and mature in 2025. It was said to be part of the coal handler's annual refinancing program.
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