Downer EDI Limited announced it had successfully completed the refinancing of $500 million of its $1.4 billion syndicated sustainability linked loan facility (Facility). The Facility comprises four separate tranches with different maturities. Refinancing of the $500 million tranche maturing in November 2024, the shortest time left to maturity, was launched in October 2023.

In addition, Downer has also established a new sustainability linked financing framework, which will further strengthen the Group's sustainability credentials by supporting the issuance of sustainability linked loans and contingent instruments, such as bank guarantees and performance bonds, across the Group's broader financing portfolio. The Chief Financial Officer of Downer, Malcolm Ashcroft, welcomed the successful refinancing, which materially improves Downer's debt maturity profile. The refinancing was jointly arranged by the Mandated Lead Arrangers and Bookrunners Australia and New Zealand Banking Group Limited, Mizuho Bank, Ltd, MUFG Bank, Ltd, and Westpac Banking Corporation, with Australia and New Zealand Banking Group Limited and MUFG Bank Ltd. also acting as Sustainability Co-ordinators.