Ampol secures $400m loan refinance from KKR
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The news: Ampol refinanced $400 million in loans through a delayed-draw subordinated notes facility after market close on 10 July 2026 with KKR’s private credit and insurance platforms.
The numbers: The facility has been issued in two tranches. The $250 million tranche is available until 31 March 2027 while the $150 million tranche is available until 30 June 2028.
The context: The $250 million tranche partly refinances subordinated notes callable in March 2027 while the $150 million tranche fully refinances sustainability-linked subordinated notes callable in June 2028.
The refinancing supports general corporate purposes.
Singapore state-owned investment firm Temasek’s global infrastructure credit platform Clifford Capital Asset Management helped arrange the transaction with Ampol advisers.
What they said: “This transaction is another example of our proactive approach to funding and capital management. We are delighted with the significant support received from KKR on this occasion, and our collaboration with Temasek-backed Clifford Capital with our advisers,” group chief financial officer Greg Barnes said.
KKR partner and head of Asia credit and markets Diane Raposio said: “We are focused on providing flexible capital to high-quality companies as they pursue their strategic objectives”.
“Ampol is an established, strong investment-grade business with a long operating history and a sophisticated approach to capital management. We are pleased to partner with Ampol on this financing, building on KKR’s track record in the ANZ region and across Asia Pacific,” Raposio said.
The sources: ASX, KKR media release
