BBI 0.00% $3.98 babcock & brown infrastructure group

Ann: DBP obtains Commitments for $480M Refinancin, page-2

  1. 131 Posts.
    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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