Malakoff’s indirect unit secures loan facility of RM1.49bil

Malakoff Corporation Bhd’s indirect wholly-owned unit, Wind Macarthur Finco Pty Ltd (WMFPL), has secured a loan facility of approximately A$502 million (RM1.49 billion) from six lenders for the purpose of refinancing loans procured in 2013.

The lenders are ING Bank (Australia) Ltd, Societe Generale, Singapore Branch, Mizuho Bank, Ltd, Oversea-Chinese Banking Corporation Ltd, BNP Paribas, Sydney Branch and Blackrock Real Assets.

“The refinancing was completed today by drawing down the facility and utilising the entire fund for the repayment of all outstanding amounts, including fees and related expenses, under the existing term loan facility which was procured in 2013 to refinance the then project loan for the Macarthur Wind Farm,” it said in a filing with Bursa Malaysia today.

The tenure of the facility is for a period of seven years.

“Although the refinancing is not expected to change the gearing level of the group, it will result in a reduction in interest expense to the Group through WMFPL due to the more favourable effective interest rate obtained fo

Malakoff Corporation Bhd’s indirect wholly-owned unit, Wind Macarthur Finco Pty Ltd (WMFPL), has secured a loan facility of approximately A$502 million (RM1.49 billion) from six lenders for the purpose of refinancing loans procured in 2013.

The lenders are ING Bank (Australia) Ltd, Societe Generale, Singapore Branch, Mizuho Bank, Ltd, Oversea-Chinese Banking Corporation Ltd, BNP Paribas, Sydney Branch and Blackrock Real Assets.

“The refinancing was completed today by drawing down the facility and utilising the entire fund for the repayment of all outstanding amounts, including fees and related expenses, under the existing term loan facility which was procured in 2013 to refinance the then project loan for the Macarthur Wind Farm,” it said in a filing with Bursa Malaysia today.

The tenure of the facility is for a period of seven years.

“Although the refinancing is not expected to change the gearing level of the group, it will result in a reduction in interest expense to the Group through WMFPL due to the more favourable effective interest rate obtained for the facility, it explained.- BERNAMA

r the facility, it explained.- BERNAMA