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Medium Term Oil & Gas Production Financing


Armour Energy Ltd (“Armour”) is a Brisbane-headquartered, listed (ASX: AJQ), Oil & Gas Production & Exploration company focussed on the discovery, development and production of gas and associated liquid resources. Armour is a relatively small player in the Australian oil & gas sector, dominated by the likes of Santos, Woodside, as well as the three large LNG export projects in Gladstone. The Company has transitioned from its previous exploration focus and its core activity is the operation of its Kincora project, which has been in existence since 1977. Supporting this project is a contract with APLNG which has committed to buy 10TJ per day over the term of the Notes.

FIIG Debt Capital Markets has arranged a $55m, 5 year secured amortising note issue for Armour. The note issue provides Armour with long term capital which will be used to refinance a convertible note and fund growth capital expenditure. The long term bond finance is appropriate given the long term nature of the asset reserves, associated infrastructure and long term contracted revenues.

Following successful recent issues for Zenith, Plenary & Merredin Energy, Armour is the latest infrastructure-type corporate to access the bond market through FIIG Securities to broaden its capital base. FIIG has provided a range of funding solutions across different sectors, including:

  • Funding diversification to refinance and/or complement existing funding lines;
  • Providing growth funding for capital expenditure and acquisitions; and
  • Optimising the capital structure through extending maturities, fixed or floating rates, and secured and unsecured funding structures.
Erryn Lloyd-Jones - Head of Debt Capital Markets, Private Debt
Erryn Lloyd-Jones
Head of Debt Capital Markets

(02) 9697 8778
Erryn.Lloyd-Jones@fiig.com.au

FIIG Debt Capital Markets

FIIG has a proven track record of opening the Australian bond markets, having raised over $2.9bn of predominantly unrated bond funding across more than 70 issues.

The Debt Capital Markets team arranges long term, flexible AUD bond financing for rated and unrated Australian and New Zealand corporates. The DCM team also provides debt advisory services focused on optimising capital structures and diversifying funding options.

If you would like to learn more about how FIIG can assist in the growth of your business...

  Contact Erryn Lloyd-Jones on
(02) 9697 8778