Herbert Smith Freehills advises AGL Energy Limited on a partial refinancing of its existing debt facilities and new A$500m syndicated green capital expenditure loan

Reinforcing its leadership in green financing, Herbert Smith Freehills has advised AGL Energy Limited (AGL) on a partial refinancing of its existing debt facilities and A$500 million syndicated green capital expenditure loan.

The proceeds from AGL’s new facilities have been used to repay existing indebtedness and the green capital expenditure loan will be used to fund existing and future firming and renewable energy projects.

The Herbert Smith Freehills team was led by partner John Angus and supported by executive counsel Amelia Fleming, and solicitor Stephanie Simm.

John Angus said, “As always, it was a pleasure to advise AGL on this transaction and help bring it to a successful conclusion. We look forward to continuing to work with AGL on achieving its long-term business objectives and strategy.”

This deal is another example of Herbert Smith Freehills’ market-leading work in the green financing sector.