Australian companies are set to deal with higher finance rates as the major banks reprice business loans.

The nation's corporate sector is estimated to seek to refinance almost $130 billion worth of debt due to expire over the next three years.

Analysis by Goldman Sachs suggests there are at least 42 companies with loan facilities to mature in two years.

For several firms, the refinancing represents more than a fifth of their market capitalisation, with the imminent debt deadlines skewed to the real estate investment trust sector, infrastructure and utilities.

At present, the Australian corporate sector is regarded well-funded after the rush of recapitalisations in the previous 18 months raised $100bn plus. However, the size and scale of the predicted refinancing was not a concern and that investors would concentrate on the price of new debt, according to Goldman Sachs analyst Hamish Tadgell.

"We're not of the view that the Australian corporate sector is facing another refinancing crisis," he said.

"At this stage of the cycle Australian balance sheets are generally in very good shape with average gearing approaching historical lows.

"Refinancing is a normal business activity and shouldn't be seen as a red flag itself.

"The question will be more the terms, maturity and cost of funding as banks seek to pass on higher funding costs and reprice their back books."

Mr Tadgell said it was obvious the major banks would hand down higher funding costs through their business lending rates and divert credit towards business clients with higher return-on-asset data.

"The reality is that in the past three years the global financial crisis has created a challenging refinancing environment," said UBS debt advisory executive director Jon Millin.

"But companies on the whole have had plenty of notice . . . we don't think there's going to be a large crisis of confidence when it comes to the refinancings."