Infigen Energy : Financial Close on A$605M Syndicated Facilities achieved

18 April 2018

INFIGEN REACHES FINANCIAL CLOSE ON A$605M SYNDICATED FACILITIES

Infigen Energy (ASX: IFN) today announced that financial close has been reached under the A$605 million Syndicated Facility Agreement signed on 9 April 2018.

As a result, Infigen's Global Facility and Woodlawn Project Finance Facility have been repaid in full and all interest rate swaps associated with those facilities have been terminated. Together with the Bodangora Project Finance (PF) Facility, Infigen now has two debt facilities.

Overview of the new A$605 million Corporate Facilities and settlement

The drawn down amounts and available lines of credit under the new A$605 million Corporate Facilities are as follows:

Facilities	Term Loans A / B	Working Capital	Letter of Credit / Bank Guarantee
Commitment	$525 million	$20 million	$60 million
Drawn/Used	$525 million	Nil	$7 million1
Available for use	Nil	$20 million	$53 million

The cash flows associated with the refinancing and utilisation of the A$605 million Corporate Facilities are:

Accounting outcomes

The accounting outcomes as a result of financial close and the refinancing are outlined below:

• • the $41 million hedge reserve loss relating to the terminated interest rate swaps will be transferred to the Income Statement;

• • the Corporate Facilities will be brought to account net of the transaction costs, estimated to be $27 million; and

• • the existing capitalised loan costs (prior to financial close) of $2.4 million associated with the Global Facility and Woodlawn Project Finance Facility will be expensed in the Income Statement.

ENDS

For further information please contact:

Sylvia Wiggins

Executive Director, Finance & Commercial Tel [phone]

1 Represents letters of credit and bank guarantees either issued or in the process of being replaced and re-issued under the new facility.

About Infigen Energy

Infigen is a business actively participating in the Australian energy market. It is a developer, owner and operator of generation assets delivering energy solutions to Australian businesses and large retailers.

Infigen has 557 MW of installed generation capacity across New South Wales, South Australia and Western Australia with a further 113 MW under construction in New South Wales. It sells the electricity and Large-scale Generation Certificates through a combination of medium and long term contracts and through the spot market.

Infigen trades on the Australian Securities Exchange under the code IFN.

For further information please visit our website:www.infigenenergy.com

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