Street Talk

QIC’s Pacific Energy back in front of banks

Anthony Macdonald, Sarah Thompson and Kanika Sood

Oct 3, 2022 – 9.31pm

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QIC’s remote power play Pacific Energy looks like it has a big war chest for new projects, after landing fresh debt facilities worth $860 million.

Lending banks said the deal saw Pacific Energy refinance its existing $500 million debt facility with Westpac, Canadian Imperial Bank of Commerce and Industrial and Commercial Bank of China into a bigger multi-tranched loan maturing in three and five years.

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.