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It said the first tranche for $222.5 million is a fully drawn facility with bullet repayment and the second tranche for $327.5 million is a revolving facility.
Both facilities have the same pricing and term with AGL to pay a margin of 90 basis points per annum above applicable base rates for a term of 2.5 years.
The two facilities are also unsecured in nature but the revolving facility can be drawn as straight borrowing or to provide guarantees to support AGL's financial obligations.
AGL said with a separate bridging facility of $300 million for the company's Torrens Island Power Station in South Australia paid off, AGL will have no debt maturities until after the end of the 2009 financial year.
