FIIG - The Fixed Income Experts
fiig-debt-issue-armour-energy

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

A proven track record of opening the Australian bond markets

FIIG has a proven track record of opening the Australian bond markets, having raised over $2.8bn of predominantly unrated bond funding across more than 70 issues.

The Debt Capital Markets team arranges long term, AUD bond financing for rated and unrated Australian and New Zealand corporates. Our funding solutions enable mid-market corporates and large private companies to diversify their funding options and optimise their capital structures.

Stockwell group - FIIG Debt Capital Markets

$35m

June 2015
Senior Secured Notes
Sole Lead Arranger

View the case study

Impact Homes - Debt Capital Markets

$45m

February 2016
Senior Secured Notes
Sole Lead Arranger

 

Plenary Group - FIIG Debt Capital Markets

$60m

October & December 2017
Unsecured Notes
Sole Lead Arranger

View the case study

elanor-investors-fiig-debt-capital-markets

$62m

May 2018
Subordinated Notes
Sole Lead Arranger

View the case study

elanor-investors-fiig-debt-capital-markets

$44m

November 2017
Senior Secured Notes
Sole Lead Arranger

View the case study

Maurice Blackburn - FIIG Bond Issue

$40m

August 2018
Senior Subordinated Notes
Sole Lead Arranger

View the case study

Zenith Energy - FIIG Bond Issue

$40m

August 2018
Subordinated Amortising Notes
Sole Lead Arranger

View the case study

NRW Holdings - FIIG Debt Capital Markets

$70m

December 2016
Senior Amortising Notes
Sole Lead Arranger

View the case study

Capitol Health - FIIG Debt Capital Markets

$40m

April 2017
Senior Secured Notes
Sole Lead Arranger

View the case study

Sunland Group - Debt Capital Markets

$50m

October 2019
Unsecured Notes
Sole Lead Arranger

View the case study

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

Copyright © 2019 FIIG Securities Limited | ABN 68 085 661 632 | AFSL No 224659 | Financial Services GuideSitemap | About us
FIIG provides general financial product advice only.  For a copy of our disclaimer please refer to fiig.com.au/disclaimer
* Based on FIIG’s high yield sample portfolio. Click here to view. Subject to change and before fees. Please see our FSG for any applicable fees.