Adelaide-based Beach Energy secured an A$530 million debt facility replacing its existing lending arrangements.
The company will initially draw A$170 million to refinance current borrowings while the remaining funds will be used for capital expenditure programs, working capital requirements and potential growth opportunities, Beach Energy said in a statement on Monday.
The A$530 facility is split into five tranches, and will be provided by Beach’s existing lenders. Australia and New Zealand Banking Group and Commonwealth Bank of Australia acted as mandated lead arrangers and bookrunners.
The Hong Kong and Shanghai Banking Corporation and National Australia Bank as mandated lead arrangers.
[mappress mapid=”17904″]
LNG World News Staff