13 October 2016
Successful extension of Origin bank loan facilities
Origin Energy Limited (Origin) today announced the successful extension of $4.5 billion1 of bank debt facilities maturing in December 2018 to a new five-year maturity of October 2021. The extension of these facilities was negotiated through a syndicate of domestic and international banks.
The existing limit of Origin’s bank debt facilities remains unchanged at $7.4 billion1, comprising $2.9 billion maturing in December 2019 and $4.51 billion maturing in October 2021. Origin currently holds $6.6 billion1 of committed and undrawn debt facilities.
The transaction improves Origin’s financial resilience through the extended maturity profile of its committed bank debt facilities and demonstrates ongoing support for the company by domestic and international banks.
The Bank of Tokyo-Mitsubishi, Commonwealth Bank of Australia, National Australia Bank and Westpac Bank acted as Coordinating Mandated Lead Arrangers and Bookrunners on the transaction.
1AUD equivalent at an AUD/USD exchange rate of 0.76
2As at 30 September 2016 and excludes bank guarantees
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