BBP Refinancing (~$3.06 billion in total) BBPF Refinancing ($2.7 billion) • Refinancing due to close within next few weeks – Formal preliminary credit approval received from all 11 selected banks some time ago – Final credit approval received from 9 of the 11 banks with the balance due imminently – Due Diligence completed by all banks, no outstanding issues – All commercial terms agreed – Documentation largely finalised – Facility has no market related clauses that will cause right of review • Sized to achieve investment grade debt rating in current environment • The Asset Pool associated with the BBPF Refinancing includes Flinders; Braemar; Port Hedland; Newman; Goldfields Gas Pipeline; LPG; Pinjarra; Wagerup; Alinta; Cawse; Glenbrook and Bairnsdale BBPH Refinancing (Up to $0.36b) • The next step in completion of the financing programme is finalisation of the BBPH Corporate Debt Facility • This process is well underway with closure expected August 2008 • BBPH Corporate Debt Facility will enjoy strong interest cover of circa 7x plus • The Asset Pool associated with the Corporate Debt Facility includes residual BBPF cashflows, Ecogen, Oakey, Redbank; Kwinana; Neerabup and Uranquinty
BBP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held