CLP’s energy subsidiary, TRUenergy, has secured a $2.02 billion credit facility, Reuters reports. The refinancing loan constitutes a $745.12 million three-year term loan and a $425.91 million three-year revolving credit, a $425.91 million four-year revolver and a $425.91 million five-year revolver.
ANZ, Bank of Tokyo-Mitsubishi UFJ, National Australia Bank and Westpac Banking are the mandated lead arrangers and book-runners for the deal. Separately, the company is also preparing for a public listing of its Australian assets in 2012.
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