IN BRIEF

Whitehaven Coal finalised a $1.2 billion four‑year debt facility to shore up funding for its flagship Maules Creek project. The facility replaces the company’s prior facilities and provides funding for general corporate purposes and capital expenditure related to the mine.

The new four‑year $1.2 billion line of credit replaces Whitehaven’s earlier facilities that totalled $800 million, of which $225 million had been drawn. The larger facility increases available funding capacity for the company.

According to the announcement, the $1.2 billion facility provides funding for general corporate purposes and capital expenditure, supporting ongoing operations and investment at the Maules Creek coal project.

NBN Co has signed Downer EDI and Universal Communications Group to begin the fibre cable rollout to apartments. The rollout will cover about 17,600 blocks of flats and units across Australia over the next two years.

NBN Co plans to roll out fibre to roughly 17,600 apartment blocks and units over the next two years, using contractors Downer EDI and Universal Communications Group to complete the work.

Origin Energy agreed to sell part of its future oil and condensate production for US$300 million (reported as A$287 million). The transaction price is linked to the oil forward pricing curve.

The price for the sale of Origin’s future oil and condensate production is tied to the oil forward pricing curve, meaning the final price will vary in line with forward oil market prices.

Origin Energy said the funds from the sale of future production would be used to retire debt, helping to reduce its outstanding borrowings.