NewsBite

Street Talk

QIC’s Pac Energy lines up $1.2b debt facility for microgrids push

QIC’s remote power play, Pacific Energy, is cashed-up and ready to spend big on its pipeline of renewable energy power stations after landing a fresh debt facility.

The deal has seen Pacific Energy rule off a new $350 million debt facility, taking its total facility to $1.2 billion. This comes off the back of a 2022 refinance which saw the facility rise to $860 million from $500 million,

Loading...
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
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
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

Read More

Original URL: https://www.afr.com/street-talk/qic-s-pac-energy-lines-up-1-2b-debt-facility-for-microgrids-push-20240408-p5fi41