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ORIGIN ENERGY LIMITED — Capital/Financing Update 2017
Aug 23, 2017
65507_rns_2017-08-23_8016e9c2-54db-497f-b7ce-773ab803744a.pdf
Capital/Financing Update
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| To | Company Announcements Office | Facsimile | 1300 135 638 |
|---|---|---|---|
| Company | ASX Limited | Date | 24 August 2017 |
| From | Helen Hardy | Pages | 2 |
| Subject | Australia Pacific LNG formally completes lenders’ tests |
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
24 August 2017
Australia Pacific LNG formally completes lenders’ tests
Origin Energy Limited (Origin) today announced that the remaining US$3.4 billion of shareholder guarantees relating to Australia Pacific LNG’s US$8.5 billion project finance facility have been released after the project met all of the lenders’ completion tests.
In May 2012, Australia Pacific LNG secured a US$8.5 billion project finance facility with US EXIM, China EXIM and a consortium of Australian and international banks to fund the downstream component of the project, including the construction of the Curtis Island LNG facility.
Under the terms of the facility, Australia Pacific LNG’s shareholders – Origin, ConocoPhillips and Sinopec – each provided a guarantee of the debt proportional to their shareholding percentage during the downstream project’s construction phase.
In October 2016, Origin announced that US$5.1 billion of shareholder guarantees relating to the US$8.5 billion project finance facility had been released after the project’s first production train successfully satisfied the Train 1 lenders’ tests.
For further information please contact:
Media
Investors
Anneliis Allen Chau Le Group Manager, External Affairs Group Manager, Investor Relations Ph: +61 2 8345 5119 Ph: +61 2 9375 5816 Mobile: +61 428 967 166 Mobile: +61 467 799 642
About Origin Energy
Origin Energy (ASX: ORG) is the leading Australian integrated energy company. Origin is the leading energy retailer with approximately 4.2 million customer accounts, has approximately 6,000 MW of power generation capacity and is also a large natural gas producer. Origin is the upstream operator of Australia Pacific LNG, its incorporated joint venture with ConocoPhillips and Sinopec, which supplies gas to domestic markets and exports LNG under long term contracts.
www.originenergy.com.au