APA raises funds for QCLNG pipeline acquisition
Published by Callum O'Reilly,
Senior Editor
LNG Industry,
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
Read the article online at: https://www.lngindustry.com/liquefaction/17032015/apa-raises-funds-for-qclng-pipeline-acquisition-433/
You might also like
INOXCVA's mini LNG terminals: A modular, scalable, reliable, safe, and cost-efficient LNG distribution solution for remote locations and islands.
INOXCVA’s mini LNG terminals offer a modular, scalable, and cost-efficient solution for delivering clean energy to remote regions and islands. With rapid deployment, low CAPEX, and multi-sector utility, they enable LNG-based power, industrial fuel, and mobility where traditional infrastructure is unviable – bridging the last-mile gap in energy access.
