Zen Energy is flush with cash, with the Garnaut-family backed green electricity retailer and installation business ruling off the second tranche of its debt funding drive.
It comes six months after the company gathered $54 million in debt from investors, as reported by Street Talk, in a process jointly managed by West Australian property developer Hesperia and ASX-listed Income Asset Management. Now, Zen Energy has locked in $160 million in debt funding for its pipeline of projects.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
