Origin completes A$550 million refinancing – Metrics increases commitment
February 2019 – Origin Energy has completed a A$550 million refinancing with Metrics reconfirmed as a syndicate lender.
The facility was upsized due to significant lender demand in the syndicated loan market.
The energy giant had been looking to refinance this facility as part of a strategy to extend its debt maturity profile and to maintain a resilient, diversified capital structure.
Origin in February announced a first-half statutory profit of $796 million for the six months ended December 31, 2018 and is now focused on pursuing strategic opportunities for growth.
The syndication drew strong interest from a variety of lenders. Metrics’ decision to participate in the latest lending facility comes on top of its existing loan commitment to the energy company.
The financing was successfully closed in February 2019.
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