Goodman launches one of Asia’s last forward start loans
Australian food manufacturer Goodman Fielder launched a A$500m forward start facility on Thursday, but loan bankers expect this to be one of the last times this financing tool will be used in Asia.
Goodman is refinancing A$500m of a A$700m that matures in October 2010, which itself is part of a A$1.4bn loan signed in December 2005. The new loan has a maturity of three years and will extend the average life of Goodman’s debt.
It is only Asia’s fourth look at
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