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ORIGIN ENERGY LIMITED — Capital/Financing Update 2016
Oct 12, 2016
65507_rns_2016-10-12_75af1db7-c4d3-43dd-8dda-95292e493db0.pdf
Capital/Financing Update
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| To | Company Announcements Office | Facsimile | 1300 135 638 |
|---|---|---|---|
| Company | ASX Limited | Date | 13 October 2016 |
| From | Helen Hardy | Pages | 2 |
| Subject | Successful extension of Origin bank loan facilities |
Please find attached a release on the above subject.
Regards
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Helen Hardy Company Secretary 02 8345 5000
Origin Energy Limited ACN 000 051 696 Level 45 Australia Square, 264-278 George Street, Sydney NSW 2000 GPO Box 5376, Sydney NSW 2001 Telephone (02) 8345 5000 Facsimile (02) 9252 1566 www.originenergy.com.au
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ASX/Media Release
13 October 2016
Successful extension of Origin bank loan facilities
Origin Energy Limited (Origin) today announced the successful extension of $4.5[1] billion 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 billion[1] , comprising $2.9 billion maturing in December 2019 and $4.5[1] billion maturing in October 2021. Origin currently holds $6.6 billion[2] 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.
For further information please contact:
Media Investors Stephen Ellaway Joanna Nelson Senior External Affairs Manager Group Manager, Investor Relations Ph: +61 2 9375 5834 Ph: + 61 2 9375 5708 Mobile: +61 417 851 287 Mobile: +61 459 837 251
About Origin Energy
Origin Energy (ASX: ORG) is the leading Australian integrated energy company with market leading positions in energy retailing (approximately 4.2 million customer accounts), power generation (approximately 6,000 MW of capacity owned and contracted) and natural gas production (1,093 PJ of 2P reserves and annual production of 82 PJe). Through Australia Pacific LNG, its incorporated joint venture with ConocoPhillips and Sinopec, Origin is developing Australia’s biggest CSG to LNG project based on the country’s largest 2P CSG reserves base.
1 AUD equivalent at an AUD/USD exchange rate of 0.76 2 As at 30 September 2016 and excludes bank guarantees