Transurban Group's (ASX:TCL) financing vehicle, Transurban Queensland Finance has raised AU$340 million in non-recourse debt through a syndicated bank debt facility, according to a Thursday filing with the Australian bourse.
The financing, with a tenor of about three and a half years, will refinance existing debt and support Transurban Queensland Group's capital expenditure needs, including general corporate purposes, the filing added.
Transurban Group holds a 62.5% interest in Transurban Queensland Finance.
The toll-road operator's shares rose almost 1% in recent Thursday trade.
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