AUSTRALIA

King legacy improves

ORIGIN Energy's future appears brighter in the dying days of long-standing CEO Grant King's reign, with RBC Capital Markets lifting its price target for the oiler, just as it secured an extension its $4.5 billion bank loan facilities.

The facilities were due to mature in December 2018 and have been re-set to October 2021, in one of the last moves King will oversee before his final address at next Wednesday's AGM where he will step down,...

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