17 June, 2008: At the February half year results announcement, Amcor presented a breakdown of the maturity profile of its debt. This was $654 million at less than one year, $217 million at one to three years and $1,496 million greater than three years.
The $654 million of debt with a maturity of less than one year is a combination of commercial paper and bank loans. The commercial paper is rolled every 30 to 90 days and the bank debt, which represents around $400 million of the $654 million, is due for renewal towards the end of this calendar year.
The commercial paper facility is supported by a $500 million undrawn, committed standby facility. This undrawn facility was renewed on June 12, 2008 for a twelve month period.