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Whitehaven Coal has finalised a $1.2 billion debt facility that shores up funding for its flagship Maules Creek coal project. The four-year line of credit replaces Whitehaven's existing facilities that totalled $800 million ($225 million of which was drawn) and provides funding for general corporate purposes and capital expenditure.
NBN sign-ups
The builder of the national broadband network, NBN Co, has signed Downer EDI and Universal Communications Group to begin the fibre cable rollout to apartments across Australia. NBN will roll out to about 17,600 blocks of flats and units over the next two years.
Origin sells ahead
Origin Energy has agreed to sell part of its future oil and condensate production for $US300 million ($287 million). The price was linked to the oil forward pricing curve and the funds would be used to retire debt.
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