New debt facility for our gas assets – Collinsville Solar
Summary
We are pleased to announce that RATCH-Australia Corporation Pty Ltd achieved financial close on 2 March 2023 for its 2 and 7 year dual tranche $197 million non-recourse fully amortising syndicated debt facility. This debt facility refinanced the two gas fired power stations located at Townsville (242MW) in Queensland and Kemerton (310MW) in Western Australia. These generators provide efficient low carbon dioxide emitting base load and firming electricity which is supporting Australias transition to renewable energy and net zero. The debt financing was provided by a lending syndicate comprising ING, MUFG, SMBC Group, Standard Chartered Bank and Societe Generale. Polagorn Kheosiplard, Chief Executive Officer of RATCH-Australia, said this transaction removes refinancing risk for these assets and enables RATCH-Australia to adapt and evolve its renewable and gas power generation portfolio to provide the energy and grid security that Australias decarbonising economy needs.