APA Group has priced offerings of an aggregate of US$1.4 billion of senior guaranteed notes in the United States 144A debt capital markets in New York. The proceeds from the notes, which will be issued by APA’s wholly-owned borrowing entity APT Pipelines Ltd, will be used with other available funds and facilities to complete the Queensland Curtis LNG (QCLNG) Pipeline acquisition, as well as general corporate purposes.
The senior notes issuance will bring to a successful conclusion the financing initiatives undertaken in respect of the funding of the QCLNG Pipeline acquisition.
APA confirmed that it will not be drawing down on the bridge facility entered into in advance of the announcement of the QCLNG Pipeline acquisition.
Settlement of the notes is expected to occur on 23 March 2015 and is subject to customary closing conditions.
Edited from various sources by Callum O'Reilly