re: Ann: DBP obtains Commitments for $480M Re... Sounds good to me, not due until October and already refinanced and the refinancing was oversubscribed.
'29 April 2009
DBP OBTAINS COMMITMENTS FOR $480M REFINANCING
Dampier Bunbury Pipeline (DBP) is pleased to announce that it has entered into
bank commitment letters to refinance its $480 million Stage 5A bank facility which
matures in October 2009.
The refinanced facility was oversubscribed with approximately 45% of final allocated
commitments in 5 year funding and the balance in 3 year funding.
Documentation and financial close of the refinanced facility is expected to be
completed during May 2009.
The eight (8) members of the bank syndicate are: Bank of Tokyo-Mitsubishi UFJ,
Barclays Capital, BBVA, Calyon, Commonwealth Bank of Australia, Macquarie
Bank, National Australia Bank and Westpac. DBP was advised on the refinancing
by AMP Capital Investors and Macquarie Capital Advisers.
DBP’s Executive Chairman, Stuart Hohnen, said: "DBP attracted strong support for
the refinancing from existing bank relationships as well as new local and overseas
banks.”'
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