Street Talk

Intellihub lines up lenders for $500m injection

Anthony Macdonald, Sarah Thompson and Kanika Sood

Feb 16, 2023 – 9.33pm

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Already a subscriber?

PEP and Brookfield’s tearaway Intellihub is chasing lenders for an additional $500 million funding, to help speed-up rollout of its smart meters and particularly in New Zealand.

It is understood Intellihub has sent a financial model and formal invitation letters to banks and credit funds, calling on current and potential new lenders to chip into the facility.

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.

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.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.