$355m debt facility for TransGrid Services

21/11/2019

TransGrid Services (TGS) is delighted to announce that it recently achieved financial close on its inaugural debt financing transaction.

The $355 million five-year debt facility has been provided by ANZ, BNP Paribas, Mizuho, RBC Capital Markets and Societe Generale. 

The facility combines highly competitive financing terms with innovative features which will support delivery of TGS’s strong pipeline of long-term contracted load and grid transmission connection projects. 

TGS’s advisor for the transaction was RBC Capital Markets.  

Commenting on the transaction, our CFO Jason Conroy said: 
“We are delighted with the establishment of this debt facility for TGS.  It is a product of the hard work and dedication of our key relationship banks and Treasury, Legal and Business Growth teams.  
We wish to thank our banks for their support and look forward to the continued growth and development of TGS.”

Our Executive Manager, Business Growth Richard Lowe said: 
“This facility represents a significant milestone in the growth of TGS.
It positions us to continue to provide superior competitive and efficient energy services for our customers and energy consumers.”