• Refinanced $1B of $1.3B syndicated sustainability linked loan facility
• Extended maturities to June 2029, June 2030 and June 2032
• Proceeds to partially repay maturing US Private Placement and Australian Medium Term Note

Downer EDI Limited has announced the successful refinancing of $1 billion of its $1.3 billion syndicated sustainability linked loan facility. The facility comprises four separate tranches with different maturities, and was resized from $1.4 billion to $1.3 billion as part of this process, in line with an overall review of funding and liquidity requirements. Three of the four tranches were refinanced, with $300 million extended to June 2029, $400 million extended to June 2030 and $300 million (Asian Term Loan) extended to June 2032. The proceeds will partially be used to repay the maturing US Private Placement (USPP) of A$182 million (US$100 million and A$30 million) which matures on 8 July 2025. Downer also has a $500 million Australian Medium Term Note (AMTN) maturing on 29 April 2026, and has put in place a $400 million bridge facility to provide flexibility for refinancing the AMTN. The Chief Financial Officer of Downer, Malcolm Ashcroft, welcomed the successful refinancing and thanked the bank group for their strong support of the facility profile. The refinancing received strong backing from the Group's relationship financiers, and was jointly arranged by the Mandated Lead Arrangers and Bookrunners Australia and New Zealand Banking Group Limited, Commonwealth Bank of Australia (CBA), Hong Kong and Shanghai Banking Corporation Ltd (HSBC), and Sumitomo Mitsui Banking Corporation, with CBA and HSBC also acting as Sustainability Co-ordinators.