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Pact Group has converted AU$420 million of existing loan facilities into a sustainability-linked loan, the first such transaction for an Australian manufacturing company. Commonwealth Bank of Australia, Westpac and HSBC were lead arrangers.
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.
