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BBP Refinancing (~$3.06 billion in total)
BBPF Refinancing ($2.7 billion)
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Refinancing due to close within next few weeks
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Formal preliminary credit approval received from all 11 selected banks some time ago
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Final credit approval received from 9 of the 11 banks with the balance due imminently
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Due Diligence completed by all banks, no outstanding issues
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All commercial terms agreed
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Documentation largely finalised
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Facility has no market related clauses that will cause right of review
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Sized to achieve investment grade debt rating in current environment
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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)
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The next step in completion of the financing programme is finalisation of the BBPH Corporate Debt Facility
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This process is well underway with closure expected August 2008
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BBPH Corporate Debt Facility will enjoy strong interest cover of circa 7x plus
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The Asset Pool associated with the Corporate Debt Facility includes residual BBPF cashflows, Ecogen, Oakey, Redbank; Kwinana; Neerabup and Uranquinty