Refinancing update

Alinta Energy successfully completes refinancing of existing debt

Alinta Energy is pleased to announce that it has successfully placed A$1.2bn of senior secured debt in the US Term Loan B (TLB) market, with a maturity of six years. The package is covenant-lite and includes a delayed draw facility of A$70M and a revolving credit facility of A$240M to support Alinta Energy’s future growth and working capital requirements, respectively.

The issue, fully underwritten by Credit Suisse, Deutsche Bank, Goldman Sachs, BNP Paribas and Macquarie Capital, was fully allocated following solid interest from the international debt investment community.

"This transaction is a milestone in the continued financial development of Alinta Energy," said Alinta Energy CEO, Jeff Dimery. "Alinta Energy’s ability to significantly reduce its interest rate and overall financing costs through this refinancing is indicative of the company's strong financial performance, which has been reflected right across Alinta Energy's operations. This favourable outcome provides Alinta with a stable, long-term, capital structure with no financial maintenance covenants and the financial flexibility and capacity to continue to pursue growth opportunities and further improvements to profitability.'