Origin Energy Limited
(ASX:ORG) has secured a $2.4 billion syndicated bank loan facility in order to refinance an existing loan which matures next year.
The country’s biggest electricity retailer is looking to fund its 37.5 per cent stake in the Pacific LNG project in Queensland worth over $22 billion.
The energy company is reportedly looking to reduce its share to 30 per cent in the gas project.
Origin raised about $640 million through a bond issue last week.
Origin Energy Limited’s
(ASX:ORG) posted a full year net profit of $1 billion.
