TransGrid, in which Spark Infrastructure holds a 15 per cent interest, established TransGrid Services in 2018 to facilitate the efficient funding of investment in unregulated new connection projects.
The $355 million 5-year debt facility has been provided by ANZ, BNP Paribas, Mizuho, RBC Capital Markets and Société Générale on highly competitive financing terms.
Shares in Spark Infrastructure (ASX:SKI) are trading 1.2 per cent higher at $2.08.