Jan 21 (Reuters) - Origin Energy Ltd (ORG) :
- Origin clarifies financing arrangements (ORG)
- Company has in excess of $6.5 billion of committed undrawn debt facilities and cash
- Says it has no material refinancing requirements until FY 2019
- Says company currently has $500 million of drawn bank debt
- Is confident that robust financing arrangements will help co to withstand a prolonged period of low oil prices
- Impact on co of credit rating below bbb- (S&P) / baa3 (Moody's) is limited to an increase in margin on drawn bank facilities of 0.30 per cent
- Says no financial covenants or conditions to draw down under origin's existing debt facilities
- Says there are no cash flow financial covenants in Australia pacific lng's project finance facilities
- Earnings from existing businesses have minimal exposure to oil price and provide significant headroom on debt financial covenants
Jan 21 (Reuters) - Origin Energy Ltd (ORG) : Origin clarifies...
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$12.58 |
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Mkt cap ! $21.67B | |||
| Open | High | Low | Value | Volume |
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