DBP completes A$170 million Bank Debt Facility…
DBNGP Finance Co Pty Limited, DBP’s financing vehicle, is pleased to note the contract close of a four year A$170 million bank debt facility.
The amount raised will be applied to repay DBP’s remaining maturing term debt in 2013 and other debt facilities.
DBP’s CEO, Mr Stuart Johnston, said “This transaction was led by ANZ Bank and syndicated into the Asian market, establishing new bank relationships for DBP on competitive terms. Combined with our recent seven year Japanese bank debt and domestic bond transactions, DBP has raised A$625 million in 2012 with no further term debt maturities until October 2014.”
Gemma Tognini, gtmedia
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%, in aggregate), 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.