Commitments secured to refinance 2015 maturing term debt

July 17, 2015

DBNGP Finance Co Pty Limited, the financing vehicle in the DBNGP group of entities (DBP), is pleased to note the receipt of binding commitments to cover its 2015 maturing term debt.

 

DBP’s $565.5 million of domestic bonds maturing in September 2015 is covered by the following term debt commitments:

 

  • $295 million 7 year bank debt facility. This facility was first announced by DBP in June 2015 and has been increased from the initial facility limit of $245 million;
  • $225m 3 year bank debt commitments; and
  • $55m 8 year domestic bonds.

 

DBP’s CEO, Mr Stuart Johnston, said “These new bank and bond commitments reflect DBP’s ability to access debt market opportunities on attractive terms, leveraging off our strong financier relationships. DBP’s next term debt maturity is now in January 2017.”

 

Media Contact

Gemma Tognini, gtmedia

0400 006 376

 

Background

DBP

DBP Transmission is the trading name of the DBNGP group of entities that purchased the Dampier to Bunbury Natural Gas Pipeline in October 2004. DBP is majority owned by DUET Group (80%), with Alcoa a 20% minority owner.

 

The DBNGP

The Dampier to Bunbury Natural Gas Pipeline (DBNGP) is the only natural gas pipeline connecting the Carnarvon Basin on Western Australia’s North-west Shelf with industrial, commercial and residential customers in Perth and the surrounding region. The pipeline runs from the Burrup Peninsula, near Dampier, to Bunbury in the south-west of the State.

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