Australia's James Hardie gains on securing $3.5 billion credit to fund US deal

Azek

02/06/2025 03:30

** James Hardie Industries JHX.AX shares up 2.7% at A$36.38

** Fibre-cement maker's stock marks its biggest intraday gain since May 13

** Co secures $3.5 billion in senior credit facilities to support ops and acquisition of U.S.-listed AZEK AZEK.N

** Co says credit facilities secured from 30 banks

** Stock down nearly 30% YTD, including the day's move

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))