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InfraBuild announces new Senior Secured Notes Offering

6 November 2023

InfraBuild Australia Pty Ltd (the “Company”), an Australian company and a member of the GFG Alliance, and a direct wholly-owned subsidiary of Liberty InfraBuild Ltd (“InfraBuild”), today announced the launch of an offering (the “Offering”) of US$350 million senior secured notes due 2028 (the “Notes”). The Notes will be guaranteed (the “Guarantees”) on a senior secured basis by InfraBuild and certain of its existing and future direct and indirect subsidiaries. The interest rate, offering price and certain other terms will be determined at the time of pricing of the Notes, subject to market conditions.

The Company intends to use the net proceeds from the Offering to (a) redeem the Company’s existing US$325 million 12.000% Senior Secured Notes due 2024 and (b) pay fees and expenses associated with the foregoing transactions.

The Notes are being sold in a private placement only to qualified institutional buyers pursuant to Rule 144A and non-U.S. persons pursuant to Regulation S under the U.S. Securities Act of 1933, as amended, modified or re-enacted (the “Securities Act”), subject to prevailing market and other conditions. There is no assurance that the Offering will be completed or, if completed, as to the terms on which they are completed. The Notes have not been, and will not be, registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or unless pursuant to an applicable exemption from the registration requirements of the Securities Act and any other applicable securities laws. This press release is for informational purposes only and shall not constitute an offer to sell, or a solicitation of an offer to buy, any security, including the Notes. No offer, solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful. 

Forward-Looking Statements

This press release contains statements about future events, projections, forecasts and expectations that are forward-looking statements. Any statement in this press release that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. In addition, past performance of InfraBuild and its affiliates cannot be relied on as a guide to future performance. InfraBuild and its affiliates make no representation or warranty (whether express or implied) and shall have no responsibility or liability on the accuracy and completeness of any of the forward-looking statements, and, except as may be required by applicable law, assume no obligations to supplement, amend, update or revise any such statements or any opinion expressed to reflect actual results, changes in assumptions or in InfraBuild’s or it’s affiliates’ expectations, or changes in factors affecting these statements. Accordingly, any reliance you place on such forward-looking statements will be at your sole risk.

Media Enquiries: Kelly Fedor +61 404 003 175 kelly.fedor@infrabuild.com

Investor Relations Enquiries: Marios Pasas +61 423 847 139 marios.pasas@infrabuild.com

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