Australian mining services and construction company Downer EDI has raised A$222m from diversified funding sources to pay for its 2010 debt obligations.

The sourcing is part of its ongoing capital management programme for projects.

Downer chief executive officer Geoff Knox said that the funding covered a significant portion of the company’s debt.

“We continue to enjoy success in our funding diversification approach which provides the Group with significant flexibility going forward,” Knox said.

By staff writer