Alinta Energy in Refinancing Transaction

August 13, 2013

Cleary Gottlieb acted as United States counsel for Alinta Energy in the refinancing of its existing credit facility. The new senior secured credit facilities, which closed on August 13, include a $1.14 billion U.S. term loan facility, a $70 million delayed draw loan facility and a A$240 million in revolving credit commitments that include borrowing capacity for letters of credit and swing line loans. The proceeds of the new term loan were used to finance the repayment in full of loans outstanding under Alinta Energy’s exiting credit facility.

Alinta Energy is a leading Australian based integrated energy company with a 99% share of the residential gas market in Western Australia and a diversified portfolio of over 2,500 megawatts of power generation assets fuelled by both coal and gas.