AUB Group Ltd. said it refinanced its debt facility that was due to mature in November 2018.

The group secured a new, A$150 million syndicated loan facility from Australia & New Zealand Banking Group Ltd. and St. George Bank. The three-year, multicurrency facility offers a mechanism for two one-year extensions by agreement of all parties.

AUB Group CFO Jodie Blackledge said the new facility increases the group's capacity to fund future acquisitions.

St. George Bank is a division of Westpac Banking Corp.