Capital Markets Group

AUD 267m Refinance of Southern Hydro, Victoria, Australia

Morrison & Co acted as financial adviser for the Southern Hydro Partnership for the refinance of its AUD267 million acquisition debt facility.

Morrison & Co’s role included:

• Preparation of the Information Memorandum with particular emphasis on how Southern Hydro operates in the competitive market;
• Analysis of recent developments in the electricity market and the impact on forecast prices; and
• Marketing of the assets and its earning capabilities, given its unique fast start and scheduling abilities.