SLM: Signs $85m Facilities with ANZ & NAB

Document date:  Mon 20 Jan 2003
Published:  Mon 20 Jan 2003 10:09:14
Document No:  285511
Document part:  A
Market Flag:  N
Classification:  Progress Report 

SALMAT LIMITED                                2003-01-20  ASX-SIGNAL-G

HOMEX - Sydney                                                        

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Salmat today announced it has signed debt and guarantee facilities
with the ANZ Bank and National Australia Bank for a total of $85
million.

The facilities include a three year $50 million unsecured debt
facility and a guarantee and working capital facility of $35 million.

Barrington Corporate Finance acted as arrangers on behalf of Salmat.
The ANZ Bank will also provide transactional banking services for the
Company.

"These new facilities reflect Salmat's strong credit rating and cash
generating ability. They provide us with increased flexibility and
the ability to move forward with our growth strategies," said Ashley
Fenton, Salmat Chief Financial Officer.

Founded in 1979 by joint managing directors, Messrs Mattick and
Salter, Salmat has 18 sites across Australia and internationally in
New Zealand, Taiwan, the Philippines and Hong Kong and employs more
than 1,800 staff. For further information, visit Salmat's web site at
http://www.salmat.com.au.


Contact:

Sandi Harwood
MANAGER
MARKETING AND CORPORATE COMMUNICATIONS
(03) 9265 3000