DBP A$245 Million Bank Term Debt Facility
DBNGP Finance Co Pty Limited, the financing vehicle in the DBNGP group of entities (DBP), is pleased to note the contract close of an A$245 million, seven year bank debt facility.
The amount raised will be applied to repay part of DBP’s A$565 million of medium term notes when they mature in September 2015.
DBP’s CEO, Mr Stuart Johnston, said “This transaction was led by The Bank of Tokyo-Mitsubishi UFJ, Ltd., a long term banker to the company, building on a similar transaction completed in September 2012. It leverages off strong Japanese bank relationships and provides competitive terms to DBP. DBP remains well placed to manage its remaining 2015 debt maturities in the near term.”
Gemma Tognini, GT Media
0400 006 376
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 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.