ORG 1.04% $10.49 origin energy limited

Contact Energy net debt was $1,547 million as at 30 June 2015....

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    Contact Energy net debt was $1,547 million as at 30 June 2015.
    On 10 August 2015, Origin divested its entire 53.09 per cent interest in Contact Energy and used the proceeds to repay A$1.4 billion of debt

    and will redeem NZ$200 million of redeemable preference shares. Origin’s net debt at 30 June 2015, adjusted for the deconsolidation of
    Contact Energy and the repayment of $1.4 billion of debt is $10,297 million compared to the reported consolidated net debt of $13,273 million

    DYOR
 
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