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Babcock & Brown Power Provides Refinancing and Alinta Retail Update
Thursday June 12, 2008, 9:00 am

Original Announcement: Refinancing and Alinta Retail Update

Babcock & Brown Power advised that the issue of draw-down, final settlement on the recently executed $2.7bn BBPF1 debt refinancing facility is scheduled to be completed early next week. The draw-down and financial closure of the refinancing facility follows assessment of the impact of the recent WA gas supply disruptions on the Alinta business and discussions with the banks providing the facility. International ratings agency, Fitch, also announced assignment of a "BBB-" credit rating on the $2.7bn secured facility. The rating reflects the strong underlying fundamentals of the assets within the facility which includes the Alinta retail assets.

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