Lion Nathan has today (22 December) finalised a A$600m (US$439m) multi-currency bank facility through ANZ Banking Group and Westpac Banking Corp.

The three- and five-year unsecured facility has a weighted average margin of approximately 36 basis points over the relevant bank bill swap rate, the company said..

Seven of the banks which participated in the tender have been selected. They were ANZ, BNP Paribas, Bank of Tokyo-Mitsubishi, the Commonwealth Bank of Australia, the National Australia Bank, TD Securities and Westpac.

Lion CFO Jamie Tomlinson said the response to the tender demonstrates confidence in Lion Nathan's business and financial performance.

The proceeds will be used to refinance existing debt and for general group corporate purposes.