Zenith Energy has put a $400 million debt deal to existing and new potential lenders.
Private capital-backed Zenith Energy has put a $400 million debt deal to existing and new potential lenders, talking up its unique position between the mining boom and miners’ efforts to reduce carbon footprints.Street Talk can reveal Zenith Energy has tapped Azure Capital and KPMG to secure the debt, with funds raised to take out existing facilities and leave room for growth.
Talks are understood to have started with Zenith Energy’s existing lenders ANZ Banking Group, Commonwealth Bank of Australia, Deutsche Bank and Aware Super. The syndicate’s expected to go around again, although the bigger facility it likely to leave room for other Australian or offshore banks. Lenders were also told Zenith Energy, which specialises in remote hybrid power for mine sites and the like, was leading the energy transition in the mining sector. It helps arrange thermal and renewable fuel-sourced power.
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