# Visy Industries borrows $150m in 10-year debt from AustralianSuper and IFM Investors

Visy Industries, the private cardboard box and paper recycling group of Anthony Pratt, will raise $150 million in 10-year long-term debt from AustralianSuper and IFM Investors, arranged by Westpac's Institutional Bank. The funds will refinance existing senior debt.

- Type: Investment
- Announced: 2017-03-06
- Where: Australia
- Value: $150.0M
- Status: completed
- Products: cardboard boxes, paper recycling
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Visy Industries](https://endata.com/companies/1060.md) (partner)
- [AustralianSuper](https://endata.com/companies/1061.md) (investor)
- [IFM Investors](https://endata.com/companies/1062.md) (investor)
- [Westpac Banking Corporation](https://endata.com/companies/1063.md) (partner)

## Sources

- [afr.com](https://www.afr.com/companies/manufacturing/anthony-pratts-visy-borrows-150m-from-super-funds-in-groundbreaking-deal-20170301-guo009), 2017-03-06: "AustralianSuper, the country's biggest industry super fund and IFM Investors, a fund manager, have agreed to lend the money to cardboard box maker and paper recycling firm Visy over 10 years."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.