Genex Power Limited (ASX: $GNX) Refinances Senior Debt Facility

Genex Power Limited (ASX: $GNX) has successfully completed the refinancing of its senior debt facility for the 50MW Kidston Solar Project (KS1) and the 50MW Jemalong Solar Project (JSP) with a new 5-year $162 million senior facility. The new facility, financed by existing lenders Deutsche Zentral-Genossenschaftsbank (DZ BANK) and Westpac Banking Corporation, demonstrates their confidence in the solar projects and Genex. The refinancing strengthens Genex's financial position and commitment to sustainable energy development in Australia.

Genex CEO, Craig Francis, on Successful Refinancing

We are delighted to have successfully refinanced our existing senior and subordinated debt facilities on favourable terms, reflecting the strong operating performance of our solar projects. This refinancing not only strengthens our financial position but also enables us to continue our commitment to sustainable energy development in Australia. The continued support of our banking partners demonstrates the confidence financiers have in Genex's ability to develop, construct and operate high quality assets. I would like to thank our key stakeholders and advisers for their support in assisting us to complete this transaction.

Genex Power's Future Outlook

Genex Power Limited has secured a new 5-year $162 million senior facility for its Kidston and Jemalong solar projects, reflecting the confidence of existing lenders in the company's solar projects. The refinancing not only strengthens Genex's financial position but also enables the company to continue its commitment to sustainable energy development in Australia. With a committed portfolio of 400MW and up to approximately 2.3GW of renewable energy and storage projects in the development pipeline, Genex is well placed in its strategy to become a leading renewable energy and storage company in Australia.