Australia's APA Group marks best session in 6 months on loan facility

Hastings Technology Metals

08/06/2022 06:22

** Shares of APA Group  APA.AX  climb as much as 4.4% to
A$11.7, their best intraday session since December 2021
    ** The energy infrastructure co says it has raised A$1
bln($719.90 mln) of senior unsecured debt through a syndicated
loan facility  urn:newsml:reuters.com:*:nFWN2XU0Q9
    ** Co's unit also entered in an early works agreement with
Technology Metals  TMT.AX  to help develop Gabanintha Gas
Pipeline, in Western Australia   urn:newsml:reuters.com:*:nFWN2XU0LU
    ** Stock hits highest level since May 26 
    ** APA stock up 11.3% this year, as of last close 
    

     ($1 = 1.3891 Australian dollars)

 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))