Nov 29 (Reuters) - Transurban Group TCL.AX :
* UNIT HILLS M2 SUCCESSFULLY RAISED A$407 MILLION OF NON-RECOURSE DEBT VIA NEW BANK DEBT FACILITY WITH A TENOR OF 5 YEARS
* FUNDS RAISED WILL BE USED TO REPAY $405 MILLION OF EXISTING HILLS M2 BANK DEBT, WHICH IS DUE TO MATURE IN MARCH 2018