Zenith Energy Completes Debt Financing

Zenith Energy Pty Ltd (Zenith Energy) announces that it has successfully completed a debt financing process. All existing external debt facilities were refinanced alongside significant committed (but as yet unutilised) limits to support growth capital expenditure related to new generation solutions.

The A$440 million, five year, syndicated debt facilities (the Facilities) were entered into with Westpac Banking Corporation (Westpac), National Australian Bank (NAB), Sumitomo Mitsui Banking Corporation (SMBC), BNP Paribas (BNPP), Australia and New Zealand Banking Group (ANZ) and Aware Super (Aware).

The available growth capital expenditure facilities support new generation projects as well as growth in the urban and remote microgrid segment. Zenith Energy is actively participating in the energy transition of the resources sector by delivering renewable power technologies as part of the total energy package and supporting lower emissions solutions for mine site energy supplies.

The Facilities also provide a flexible platform for increasing committed limits and further expanding Zenith Energy’s lender relationships via an accordion feature.

Zenith Energy is proud to be partnering with such a respected and well-regarded lending group. As well as support from existing lenders, most of the lending group are new lenders to Zenith Energy, a strong validation of Zenith Energy’s strategy and capability.

“Finalising a new debt facility is a significant milestone for Zenith Energy. Establishing a group of Tier 1 domestic and international lenders provides Zenith with additional funding certainty, alongside the long-term capital provided by our institutional shareholders (Pacific Equity Partners, Foresight Group and OPTrust) who collectively have over A$55 billion of funds under management. This facility further supports Zenith’s leading role in decarbonising the mining industry.” Zenith Energy Managing Director and CEO Hamish Moffat

Azure Capital and KPMG acted as financial advisers to Zenith Energy. Allens acted as legal adviser.