Dalrymple Bay Infrastructure announced the private placement of AU$530

Dalrymple Bay Infrastructure Ltd (ASX: DBI) announced that its wholly-owned finance company, Dalrymple Bay Finance Pty Ltd, has priced AU$530 million of long-dated fixed rate senior secured notes in the US Private Placement market.

The Notes will be issued in both AUD and USD in three tranches of approximately AU$276 million, AU$142 million, and AU$112 million, with tenors of 10, 12, and 15 years, and a weighted average coupon of 7.14% and 8.22%, respectively, for the USD and AUD tranches. The proceeds from the Notes will be used to repay drawn sums under revolving facilities, freeing up cash to support DBI's major non-expansionary capital growth program planned for the Dalrymple Bay Terminal, as well as general business objectives such as debt reduction.

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