Clough Bags Bond, Debt Facility
Clough has secured a new $200 million, three year funding facility. The facility refinances and extends the company's existing bonding capacity and also introduces a $20 million standby debt facility.
Clough's Chief Financial Officer, Neil Siford, said, "We have been very pleased by the level of support received from funders, with commitments received in excess of the amount required."
"Clough is continuing its strong relationships with its existing funders, HSBC Bank Australia, Commonwealth Bank of Australia and the Export Finance and Insurance Corporation and also welcomes National Australia Bank to its banking group."
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