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Macmahon secures $475m funding facility

Contractor Macmahon Holdings has upsized its syndicated financing facilities from $240 million to $475 million, following a successful half year with the confirmation of around $1.7 billion of new business won.

The facility comprises three tranches over a three and four year period, with Tranche A and B offering a $75 million working capital cash advance facility and a $125 million bank guarantee facility over three years.

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