BBI SUCESSFULLY CLOSES ITS A$518M ACQUISITION DEBT FACILITY Infrastructure investment specialised fund group, Babcock & Brown Infrastructure (ASX: BBI) announces today that it has reached financial close of the refinance of the $518 million Australian Energy Transmission & Distribution1 acquisition facility which was due to mature in August 2008. The maturing facility was established as part of the acquisition of BBI’s Australian Energy Transmission & Distribution businesses which included Alinta Gas Networks, Multinet, Dampier to Bunbury Natural Gas Pipeline, WestNet Energy2 and the Tasmanian Gas Pipeline. The new facility has a weighted average term of three years and has been provided by seven leading banks. There have been no material changes to the terms, conditions and covenants since BBI obtained written commitments for this facility on 4 June 2008. BBI’s Chief Executive Officer Jeff Kendrew said, “BBI has no material single refinancing requirement until FY2010. The timing and size of BBI’s refinancing requirements by business can be found in BBI’s recently released Investor Pack.”BBI SUCESSFULLY CLOSES ITS A$518M ACQUISITION DEBT FACILITY Infrastructure investment specialised fund group, Babcock & Brown Infrastructure (ASX: BBI) announces today that it has reached financial close of the refinance of the $518 million Australian Energy Transmission & Distribution1 acquisition facility which was due to mature in August 2008. The maturing facility was established as part of the acquisition of BBI’s Australian Energy Transmission & Distribution businesses which included Alinta Gas Networks, Multinet, Dampier to Bunbury Natural Gas Pipeline, WestNet Energy2 and the Tasmanian Gas Pipeline. The new facility has a weighted average term of three years and has been provided by seven leading banks. There have been no material changes to the terms, conditions and covenants since BBI obtained written commitments for this facility on 4 June 2008. BBI’s Chief Executive Officer Jeff Kendrew said, “BBI has no material single refinancing requirement until FY2010. The timing and size of BBI’s refinancing requirements by business can be found in BBI’s recently released Investor Pack.”BBI SUCESSFULLY CLOSES ITS A$518M ACQUISITION DEBT FACILITY Infrastructure investment specialised fund group, Babcock & Brown Infrastructure (ASX: BBI) announces today that it has reached financial close of the refinance of the $518 million Australian Energy Transmission & Distribution1 acquisition facility which was due to mature in August 2008. The maturing facility was established as part of the acquisition of BBI’s Australian Energy Transmission & Distribution businesses which included Alinta Gas Networks, Multinet, Dampier to Bunbury Natural Gas Pipeline, WestNet Energy2 and the Tasmanian Gas Pipeline. The new facility has a weighted average term of three years and has been provided by seven leading banks. There have been no material changes to the terms, conditions and covenants since BBI obtained written commitments for this facility on 4 June 2008. BBI’s Chief Executive Officer Jeff Kendrew said, “BBI has no material single refinancing requirement until FY2010. The timing and size of BBI’s refinancing requirements by business can be found in BBI’s recently released Investor Pack.”BBI SUCESSFULLY CLOSES ITS A$518M ACQUISITION DEBT FACILITY Infrastructure investment specialised fund group, Babcock & Brown Infrastructure (ASX: BBI) announces today that it has reached financial close of the refinance of the $518 million Australian Energy Transmission & Distribution1 acquisition facility which was due to mature in August 2008. The maturing facility was established as part of the acquisition of BBI’s Australian Energy Transmission & Distribution businesses which included Alinta Gas Networks, Multinet, Dampier to Bunbury Natural Gas Pipeline, WestNet Energy2 and the Tasmanian Gas Pipeline. The new facility has a weighted average term of three years and has been provided by seven leading banks. There have been no material changes to the terms, conditions and covenants since BBI obtained written commitments for this facility on 4 June 2008. BBI’s Chief Executive Officer Jeff Kendrew said, “BBI has no material single refinancing requirement until FY2010. The timing and size of BBI’s refinancing requirements by business can be found in BBI’s recently released Investor Pack.”
BBI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
