United Energy (UE) has reached contract close on the amendment and extension of $855m of existing bank debt facilities across 2, 3, 4 and 5.5 year terms.

This transaction was supported by UE’s existing banking relationships and enabled UE to actively manage its maturity profile along with re-pricing the facilities on a market competitive basis.

UE Chief Executive Officer, Tony Narvaez said: “We are very pleased with the transaction, achieved with long standing banking relationships on attractive terms, while providing UE with further funding flexibility ahead of our next term debt maturity in 2017”.

Media enquiries:
Samantha Porter
United Energy
0418 307 139

Media Release: UE completes $855m Bank debt facility