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AUB secures $150 million facility for acquisitions

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AUB Group has entered into a $150 million syndicated loan facility with ANZ and St George Bank to fund acquisitions.

It follows the refinancing of AUB’s debt facility, which was due to mature in November next year. AUB says the multi-currency facility has a term of three years, with a mechanism for extension of up to two years by agreement of all parties.