The investment adds over a billion in growth capital to finance new project development
Zenith Energy has secured $1.9bn to refinance and boost its current bank debt facilities with help from Allens.
A syndicate of 14 Australian and international lenders funded the effort, which adds over a billion dollars in growth capital to support new project development. The deal includes green loan facilities structured under Zenith’s Green Finance Framework, in line with Asia Pacific Loan Market Association’s Green Loan Principles.
According to Allens lead partner Rod Aldus, the refinancing helps Zenith to “capitalise on the opportunities of the energy transition”.
“This refinancing highlights the strong market confidence in Zenith’s strategy and the role it plays in enabling decarbonisation in the resources sector”, Aldus said.
Aldus worked alongside fellow banking and finance partner Michael Ryan, senior associate Tania Joppich and lawyer Bronte Barber.
In 2022, the firm assisted Zenith with a $440m debt financing effort.
