Deal: Zenith Energy has been advised on its successful debt financing process.

Value: $440 million

Area: Finance.

Key players: The Allens team was led by partner Ben Farnsworth with support from managing associate Rod Aldus, senior associate Tania Joppich, and lawyers Madeleine Ninkov and Cassie Chu-Yu-Chee.

The KPMG Debt Advisory team was led by KPMG partner Linda Blore, supported by KPMG director Paul Hodsman and analysts Michael Beech and Rebecca Chong.

Deal significance: Zenith Energy is a leading independent power producer. The group currently holds more than 500 megawatts capacity under contract or in development.

This successful debt financing process will deliver $440 million in five-year syndicated debt facilities to support new generation projects.

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According to a statement from Allens, all existing debt facilities were refinanced, with Zenith entering into new debt facilities with Westpac Banking Corporation, National Australia Bank, Sumitomo Mitsui Banking Corporation, BNP Paribas, Australia and New Zealand Banking Group, and Aware Super.

“The available growth capital expenditure limits under the facilities will support new generation projects, as well as growth in Zenith’s urban and remote microgrid segment,” the firm added.

Commenting further, Allens lead partner Ben Farnsworth said: “It is immensely pleasing to support Zenith Energy to secure capital expenditure funding for the development of its future projects, particularly given the increasing complexity of remote power solutions.

“As reflected in this refinancing, there is an enormous appetite among financiers to assist companies in participating in energy transition, which shows no sign of abating.”