The redemption plan for the Holdco Notes is as follows:

As a result, the entire amount of the $750 million Holdco Notes is fully secured eight months prior to its maturity date. With this outcome, AGEL has fully defeased the Holdco Notes, eight months prior to the maturity date and has further resulted in significant deleveraging in AGEL by way of equity proceeds while continuing to deliver on the growth plans. 

Underpinning the repayment is the successful equity capital raise program of $1.425 billion that includes $1.125 billion of preferential issuance by promoters and $300 million from TotalEnergies JV reflecting the deep interest of long-term investors, strategic partners, coupled with unwavering promoter commitment to meet AGEL’s strategic priorities of achieving its target of 45 GW by 2030.