Transgrid Services secures new $600 million bank debt facility

The facility is provided by a group of existing and new bank relationships.

Transgrid’s CFO Jason Conroy said “We are delighted by the support and strength of our banking relationships as we look to grow our TGS business.”

Transgrid’s Executive Manager Business Growth Richard Lowe said “This debt facility plays a significant role in securing a renewable future for Australia. It enables us to continue the delivery of services to our fast growing pipeline of long-term contracted load and renewable energy infrastructure. It also allows TGS to continue to deliver innovative solutions and fund new technologies and projects for customers and consumers.” 

TGS was advised by RBC Capital Markets and King & Wood Mallesons.