CleanPeak Energy completes $465m debt refinancing.

Financial close is expected next fiscal year.

CleanPeak Energy has announced that CPERI, its partnership with Igneo established in 2018, has completed a $465m debt refinancing.

In a statement, CleanPeak Energy said CPERI currently “has more than $600m in assets and this refinancing underscores the success in development of the CPERI portfolio of assets and CleanPeak’s ongoing commitment as operator of the portfolio.”

The new financing involved refinancing of four individual debt facilities into a single portfolio facility with a capital expenditure feature to support future growth. The lenders included existing financiers, CBA, ANZ and OCBC, as well as three new providers in Westpac, National Australia Bank and MUFG.

The deal was oversubscribed with in excess of $b of interest from a broad range of banks, and included Citigroup as the debt adviser, Herbert Smith Freehills Kramer acting on behalf of the borrower, and Allens acting on behalf of the lender.

CleanPeak Energy expects these to reach financial close in fiscal year 2026.