Leighton locks in funds and refutes downgrade

MAJOR contract miner Leighton Holdings has announced a $US600 million ($A588 million) lease facility to support its growth plans in Indonesia, while its CFO has slammed a ratings agency’s “unfair” decision to downgrade the company’s credit rating.

Leighton locks in funds and refutes downgrade Leighton locks in funds and refutes downgrade Leighton locks in funds and refutes downgrade Leighton locks in funds and refutes downgrade Leighton locks in funds and refutes downgrade

The new six-year facility streamlines the group’s existing Indonesian leasing arrangements and provides its two in-country operating subsidiaries the flexibility to fund expanding mining activities.