June 2 (Reuters) - ASX-listed James Hardie said

on Monday it had secured new senior credit facilities for a

total of $3.5 billion with broad support, including 30

participating banks to support its operations and acquisition of

U.S.-listed AZEK ( AZEK ).

The multi-billion dollar loan facility can be broken down

into a $1 billion revolving credit facility and a $2.5 billion

senior secured term loan A, split into two tranches.

The fibre-cement maker had offered to buy the U.S.

artificial decking maker for $8.75 billion in March, while

markets were concerned about a slowdown in the U.S. housing

sector.

With the new credit facilities, bridge facility commitments

with certain lenders in connection with the pending acquisition

were reduced from $4.3 billion to $1.7 billion.

New housing stock in the U.S. is near a two-decade high and

tariffs and an immigration crackdown under President Donald

Trump are seen as likely to slow construction further.

In May, the building material firm forecast tepid earnings

growth for its North American business, the company's biggest

market and profit engine, while reporting a drop in annual

profit.

Back in Australia, market scrutiny has also increased on

such large corporate buyouts after investors raised questions

about the AZEK ( AZEK ) deal.

In a separate announcement, James Hardie terminated its

American depositary shares (ADS) program, believing it will

become unnecessary after the company lists its share on the New

York Stock Exchange.

James Hardie's ASX-listed shares jumped as much as 3.2% to

A$36.57, their highest level in over a week, and were last

trading up 2.9%. The stock has lost more than 8% in value since

the buyout deal was announced in March.