Image: Foresight Solar Fund

The Australian Renewables Income Fund (ARIF), a renewable energy fund managed by Foresight Group, has completed a AU$700 million (US$779 million) debt refinancing transaction to refinance existing projects and enhance portfolio diversification.

The financing package comprises a AU$620 million term loan and an AU$80 million multi-purpose facility, with support from ANZ, Westpac, Mizuho, HSBC, and Bank of China. RBC Capital Markets acted as exclusive financial advisor, while White & Case provided legal counsel.

According to the firm, the portfolio refinancing consolidates debt across ten operating renewable projects, securing improved pricing, larger debt capacity, and greater flexibility compared to traditional project financing. The move also creates a scalable platform for continued investment in clean energy assets.

“This refinancing marks a significant milestone for ARIF, reinforcing the strength and scale of our operating portfolio and establishing a funding platform to support future growth,” said Daniel Beaver, portfolio manager of ARIF.