AGL Energy Limited (AGL) today announced that it had signed two financing transactions totalling A$1.2 billion. The funds will be used to refinance A$886 million of existing debt, due for repayment in October 2011, and provide additional funding for the group's capital expenditure program. These transactions lengthen AGL's debt maturity profile and further diversify its funding sources.
A$1.0 billion Self-arranged Syndicated Loan Facility
AGL has signed a A$1.0 billion Syndicated Loan Facility with 3- and 5-year tranches.
|The facility is divided as follows
|A||A$ 600 Million||Term Loan||3 Years|
|B||A$ 400 Million||Revolving||5 Years|
AGL is one of Australia's leading integrated energy companies and is taking action toward creating a sustainable energy future for our investors, communities and customers. Drawing on over 170 years of experience, AGL operates retail and merchant energy businesses, power generation assets and an upstream gas portfolio. AGL has one of Australia's largest retail energy and dual fuel customer bases. AGL has a diverse power generation portfolio including base, peaking and intermediate generation plants, spread across traditional thermal generation as well as renewable sources including hydro, wind, landfill gas and biomass. AGL is Australia's largest private owner and operator of renewable energy assets and is looking to further expand this position by exploring a suite of low emission and renewable energy generation development opportunities.