M&R refinances SA debt facilities

Murray & Roberts (M&R) says it has successfully concluded the refinancing and upsizing of its local debt facilities from R1.675bn to R2bn after negotiations with Standard Bank, Absa, Nedbank and RMB. The group said it had secured an 18-month senior term loan facility for R1.35bn and a senior secured overdraft facility of R650m repayable on demand.