Respondents are required to clearly demonstrate how the financing requirements of the Project over the Term will be met by their financing structure.
The information to be provided must include:
• a description of the overall financing structure and strategy;
• a diagrammatic representation of the proposed financing structure during the Development Phase and the Operating Phase [(including after any State Contribution)];
• the key commercial and financial benefits of the proposed structure, compared to other potential financing options that have been explored by Respondents (if any); and
• the legal identity of any party providing finance (including equity and underwriters or other parties who are otherwise involved with the financing for the Project), their roles, responsibility and relationship with Respondents.
Respondents are required to provide details of the proposed financing structure, including:
• the form of each source;
• its quantum and proportion of the total capital;
• a description of how the financing will be utilised to fund requirements during the Development Phase and the Operating Phase (including timing of drawdowns);
• all draw stop provisions; and
• other key terms.
These proposed financing structure details should be provided for each source of finance, including (as applicable):
• shareholder's equity;
• shareholder loans (or other quasi-equity instruments);
• senior debt financing;
• subordinated debt financing;
• capital markets financing;
• [#State Contribution/#State Contributions; and]
• any other financing proposed, including credit enhancements.
Respondents are required to provide:
• a description of any risks associated with the financing strategy and structure which have arisen or may arise as a result of any volatility and illiquidity in current or future financial market conditions; and
• details of contingency arrangements and risk mitigation measures taken, or proposed, to minimise any negative consequences for Project Co or the State, including as a result of changes in financial market conditions post-Financial Close.