A A$1.2 billion debt package for OZ Minerals has been extended via mandated lead arrangers ANZ, BayernLB, BNP Paribas, BOS International, Commonwealth Bank of Australia, National Australia Bank and Royal Bank of Scotland.
The loan was due to mature on March 31, but has been pushed back to April 30, 2009.
General syndication of Telstra Corp's A$300 million dual-currency facility is ongoing via bookrunners Bank of China Hong Kong and Bank of Tokyo-Mitsubishi UFJ.
The deal is split into three-year and five-year tranches, and can be drawn down in US dollars or Australian dollars.
Proceeds are for working capital purposes. The financing is expected to close in April.