en.Wedoany.com Reported - North Queensland Airports has secured AUD 100 million in financing from Deutsche Bank, as part of a 12-year tranche within the group's overall refinancing package, to support the operations and development of Cairns Airport and Mackay Airport.

The refinancing adopts a multi-tranche debt instrument structure, with loan terms ranging from 3 to 12 years, involving a group of lenders. Deutsche Bank, as the sole lender for the 12-year tranche, has extended the overall debt maturity profile of North Queensland Airports.

Cairns Airport is Australia's seventh busiest airport and serves as a gateway to international tourist destinations such as the Great Barrier Reef and the Daintree Rainforest. Mackay Airport provides essential aviation connectivity for regional communities and industries, supporting transportation in the area.

The AUD 100 million commitment is part of a broader refinancing package that supports North Queensland Airports' long-term asset base. By extending the debt maturity profile, the transaction provides the airport operator with greater certainty for future planning and investment, covering ongoing maintenance, operational needs, and future capital works at both Cairns Airport and Mackay Airport.

Gary Cheah, Director of Project Finance at Deutsche Bank, stated that the transaction reflects the bank's role in supporting infrastructure financing that drives regional growth. He noted that the deal highlights Deutsche Bank's expertise and commitment to providing tailored financing solutions to support high-quality infrastructure for regional connectivity and economic growth in Australia.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com