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Transurban Group ( (AU:TCL) ) just unveiled an announcement.
Transurban Group has announced that WestConnex Finance Company Pty Limited, its financing arm for WestConnex, has successfully secured A$1,205 million in debt through a syndicated bank facility. This new facility, which will be used to repay existing debt, is set to mature in March 2027 and will rank equally with WestConnex’s existing senior debt. Transurban holds a 50% interest in WestConnex, and this financial move is expected to strengthen its operational stability and market position.
The most recent analyst rating on (AU:TCL) stock is a Hold with a A$14.00 price target. To see the full list of analyst forecasts on Transurban Group stock, see the AU:TCL Stock Forecast page.
More about Transurban Group
Transurban Group is a prominent player in the infrastructure industry, primarily focusing on the development and management of toll roads. The company operates across Australia and North America, providing essential transportation services that facilitate efficient traffic flow and connectivity in urban areas.
Average Trading Volume: 4,585,825
Technical Sentiment Signal: Buy
Current Market Cap: A$42.85B
See more data about TCL stock on TipRanks’ Stock Analysis page.