Roaring 40s Renewable Energy has completed a A$195 million project financing via mandated lead arrangers ANZ, Banco Bilbao Vizcaya Argentaria, Calyon and National Australia Bank on a club basis.
The 18-month construction facility will be converted into a three-year term loan. Each lender provided A$49 million each.
The proceeds will be used to fund a A$285 million project that involves the development of a 111MW Waterloo wind farm in South Australia.
United Group has secured $135 million via a series of multi-currency bilateral facilities from ANZ, National Australia Bank and Westpac.
The cash will refinance A$190 million loans maturing in July 2010. The new maturity will be on 31 July, 2012....