Press Releases
27/01/2010
International Power Restructures A$742m Hazelwood Debt
(London – 27 January 2010) International Power plc
announces that it has completed a restructuring of the total
existing non-recourse debt of A$742 million (£415 million) at
the 1,675MW coal-fired Hazelwood power station and mine, located in
Victoria, Australia.
The restructured facility merges the previous two-tranche
structure (A$445 million Tranche B and A$297 million Tranche A)
into a single tranche facility with a maturity date of 30 June 2012
and a margin of 400 basis points.
Notes to Editors:
The banks providing the restructured facility are Australia and
New Zealand Banking Group, Bank of America, Bank of Tokyo Misubishi
UFJ Ltd, BankWest, BNP Paribas, BOS International, Calyon Australia
Limited, Credit Industrial and Commercial, DBS Bank Ltd, Dexia
Credit Local, Fortis Bank SA, Norddeutsche Landesbank Girozentrale,
The Royal Bank of Scotland plc, Societe Generale, United Overseas
Bank Limited, West LB AG, Westpac Banking Corporation.
An exchange rate of £1:A$1.79 has been applied in this
announcement.
International Power owns 91.8% of Hazelwood.
For further information please
contact:
International Power
| Investor Contact: | Media Contact: |
| Aarti Singhal | Beth Akers |
| Telephone: +44 (0)20 7320 8681 | Telephone: +44 (0)20 7320 8622 |
About International Power
International Power plc is a leading independent electricity generating company with 32,358MW gross (20,648MW net) in operation and 3,430MW gross (1,128MW net) under construction. International Power has power plants in operation or under construction in Australia, the United States of America, the United Kingdom, Belgium, Canada, France, Germany, Italy, the Netherlands, Portugal, Spain, Turkey, Bahrain, Oman, Qatar, Saudi Arabia, the UAE, Indonesia, Pakistan, Puerto Rico and Thailand. International Power is listed on the London Stock Exchange with ticker symbol IPR. Company website: www.ipplc.com
