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GDF/IP refinances Hazelwood and Loy Yang B
25 June 2012
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International Power has closed the refinancing of its Hazelwood and Loy Yang B coal-fired power assets in Australia. GDF-Suez is in the process of buying the remaining 30% of International Power that it does not own, a transaction that is set to close on 29 June.
GDF Suez is repaying A$652 million in project debt on the Hazelwood plant with corporate funding. The three-year A$622 million ($621 million) loan comes from ANZ, Bank...
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