Downer SecDI Successfully Refinances AU$1 billion Sustainability Linked Loan.

Downer EDI Limited (ASX: DOW) has successfully refinanced AU$1 billion of its AU$1.3 billion syndicated sustainability linked loan facility, marking a significant milestone in its financial strategy. The facility was resized from AU$1.4 billion to AU$1.3 billion, in line with Downer’s funding and liquidity review. Three of the four tranches were extended: AU$300 million to June 2029, AU$400 million to June 2030, and an AU$300 million Asian Term Loan to June 2032.

Proceeds will partly repay an upcoming US Private Placement maturing in July 2025 (AU$182 million), while an AU$400 million bridge facility has been arranged to support refinancing of an AU$500 million Australian Medium Term Note maturing in April 2026. CFO Malcolm Ashcroft credited Downer’s strengthened operating performance and financial position for securing improved terms. The refinancing also extends Downer’s average debt maturity profile to approximately 3.4 years, backed by strong support from its core bank group.

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