Origin Raises $1.54 Billion On Credit Facility

Origin Energy Limited has raised $1.54 billion including oversubscriptions of $420 million from the syndication of its underwritten 3-year credit facility announced on 11 February 2008.

Origin will pay a margin of 65 basis points per annum above the applicable base rate for each tranche of the Facility.

The Facility is structured on a senior unsecured basis and comprises A$1.32 billion of revolving and term tranches and a US$200 million revolving tranche.

Commenting on completion of the Facility, Origin's Chief Financial Officer Frank Calabria said "Origin is very pleased with the support received from a range of domestic and international banks. The Facility will be used along with cash flows and existing facilities to fund Origin's previously announced growth capital expenditure requirements, including power generation projects and ongoing coal seam gas developments."


Our Privacy Pledge

Most Popular Articles

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours