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BRIEF-Ausdrill signs $550 mln debt facility

Oct 5 (Reuters) - Ausdrill Ltd :

* $550M bank debt financing

* Says agreed to refinance debt and signed a new facility for a total of $550

million

* Arrangement will allow co to refinance its existing $150 million revolver,

and about $30 million of asset finance facilities

* Arrangement will also provide funding for the acquisition of best tractor

parts

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