Santos completes $1.93 billion acquisition of Quadrant Energy
On completion Santos paid an amount of $1.93 billion, comprising the purchase price of $2.15 billion less completion adjustments and cash acquired.
The completion amount was fully funded from Santos’ existing cash resources and $1.2 billion of new debt facilities.
Stronger operating performance and free cash flow generation since 30 June means Santos is now expecting gearing to be approximately 33% at year-end. ■