Origin extends bank loan facilities

Origin extends bank loan facilities
Image courtesy of Origin

Australia’s Origin Energy that owns a 37.5 percent stake in the Australia Pacific LNG project, extended the A$4.5 billion bank debt facilities maturing in December 2018 to October 2021. 

The extension has been agreed with a syndicate of domestic and international banks, Origin said in a statement on Thursday.

The existing limit of Origin’s bank debt facilities remains unchanged at A$7.4 billion, comprising A$2.9 billion maturing in December 2019 and A$4.51 billion maturing in October 2021. Origin currently holds A$6.6 billion1 of committed and undrawn debt facilities.

The Bank of Tokyo-Mitsubishi, Commonwealth Bank of Australia, National Australia Bank and Westpac Bank acted as lead arrangers and bookrunners on the transaction, that, according to Origin, improves the company’s financial resilience.

Share this article

Follow LNG World News

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >