Allens has advised Zenith Energy on its $1.9 billion refinancing and increase to its existing bank debt facilities, providing more than $1 billion in growth capital to support the development of new projects.
The refinancing, backed by a syndicate of 14 Australian and international lenders, provides growth funding to support Zenith's financial capacity as it expands its role in delivering renewable and hybrid power solutions. A portion of the transaction includes green loan facilities structured under Zenith's Green Finance Framework, aligning with the Asia Pacific Loan Market Association's Green Loan Principles.
'We congratulate Zenith and the financiers on this significant transaction, which supports Zenith's ability to capitalise on the opportunities of the energy transition. This refinancing highlights the strong market confidence in Zenith's strategy and the role it plays in enabling decarbonisation in the resources sector. We are very pleased to continue our long standing relation with Zenith and to be able to support it into the future,' said partner Rod Aldus.
