Corporate Report for the year ended 30 June 2022
Introduction and overview
Business performance
Governance and risk
Directors’ report
Remuneration report
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Section B: Notes to the Group financial statements for the year ended 30 June 2022
Section B: Notes to the Group financial statements for the year ended 30 June 2022
B14 Borrowings (continued) Financing arrangements and credit facilities During the reporting period Transurban executed a number of financing activities including: August 2021 • Transurban reached financial close on two letter of credit facilities, US$93 million ($135 million) and US$6 million ($9 million) both with a 2-year tenor. September 2021 • Transurban Queensland repaid its $250 million Medium Term Note (MTN) which was due for maturity in December 2021. • Transurban reached financial close on a letter of credit facility, comprising Facility A $82 million with a tenor of 2 years and Facility B $125 million with a tenor of 5 months. Facility B was cancelled in October 2021, following financial close of WestConnex. November 2021 • Transurban repaid US$162 million ($227 million) in US private placement notes at their maturity in November 2021. December 2021 • Transurban reached financial close on three letter of credit facilities of US$215 million ($312 million) with a tenor of 3 years, US$198 million ($287 million) with a tenor of 4.5 years and US$150 million ($218 million) with a tenor of 2.5 years. February 2022 • Eastern Distributor reached financial close on a $434 million bank debt facility with a tenor of 8.8 years. April 2022 • Transurban reached financial close on a $825 million syndicated bank facility with a tenor of 5 years. May 2022 • Transurban Queensland reached financial close on a $150 million syndicated capex facility and a $35 million working capital facility. Both facilities have a tenor of 3 years. • M5 West reached financial close on a $345 million bank debt facility with a tenor of 3.1 years.
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