Ashmore Energy International Completes Refinancing of USD 1.0 Billion Senior Debt and Raises USD 500 Million Revolving Credit Facility



    HOUSTON, March 30 /CNW/ - Ashmore Energy International ("AEI") announced
today that it completed the refinancing of its senior debt. The new facilities
consist of a USD 1 billion 7-year term loan and a 5-year USD 500 million
revolving credit facility. The new facilities refinance AEI's USD 1.0 billion
senior and bridge loans, improve duration and provide the company with cost
effective liquidity for growth projects and general corporate purposes. The
facilities were rated Ba3 / B+ / BB by Moody's Investor Service, Standard &
Poor's and Fitch Ratings, respectively. The new facilities were fully
underwritten by Credit Suisse and JP Morgan.

    "I am pleased with the success of this transaction and the flexibility
this brings to the AEI capital structure. Accessing the debt capital markets
for these two new facilities is a significant milestone as we have
demonstrated our ability to strengthen and diversify our debt composition,"
John Fulton, Chief Financial Officer of AEI commented on the success of the
transaction.

    AEI owns and operates essential energy infrastructure in emerging
markets. AEI manages interests in a group of 19 energy assets (27 assets
including Promigas' subsidiaries) with operations in 14 countries and more
than USD 2.5 billion in revenues and 9,800 employees. The Company serves
approximately 8 million customers worldwide by operating through three
business segments: Natural Gas Distribution, Transportation and Services;
Power Distribution; and Power Generation with approximately 37,000 km of gas
and liquids pipelines, 120,000 km of power transmission and distribution
lines, and a gross installed capacity of 1,675 MW. You can visit the AEI
website at www.ashmoreenergy.com.




For further information:

For further information: Ashmore Energy International Rodrigo Silva,
+1-713-345-5018 Rodrigo.Silva@AshmoreEnergy.com

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ASHMORE ENERGY INTERNATIONAL

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