Origin Executes Syndicated Loan Facility, Australia

Origin Energy announced the successful execution of a $2.4 billion of syndicated bank loan facility. The loan facility has terms of four and five years and will mature in October 2016 and October 2017.

Origin Executive Director, Finance and Strategy, Ms Karen Moses said, “Origin continues to receive strong support from both domestic and international financial institutions, as evidenced by the significant level of demand from lenders.

“The loan facility will be used to refinance existing loan facilities maturing in the 2013 and 2014 financial years, and together with the €500 million seven year medium term notes issue announced on 3 October 2012, remove Origin’s requirement for refinancing until the 2015 financial year,” Ms Moses said.

The chart highlights Origin’s debt maturity profile as at 30 June 2012, incorporating the $2.4 billion syndicated loan facility, the €500 million medium term notes issue and cancellation of existing loan facilities maturing in the 2013 and 2014 financial years.

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LNG World News Staff, October 05, 2012; Image: Origin Energy