Key Takeaways
- • KKR has led a A$400m (£207.3m) refinancing facility for Australian petroleum company Ampol, deployed through its Asia Pacific Credit strategy and insurance platform.
- • Since 2019, KKR's Asia Pacific Credit strategy has deployed more than US$9.1bn across 63 credit investments, representing total transaction volume exceeding US$28.4bn.
- • Singapore-based Clifford Capital, backed by Temasek (Singapore's sovereign wealth fund), participated as a cornerstone investor alongside KKR in the transaction.
- • The financing supports Ampol's refinancing initiatives and general corporate purposes, with the company operating an integrated fuel supply chain across Australia, New Zealand, and international markets via Singapore and US trading operations.
- • Ampol maintains investment-grade credit quality with a long operating history, ~1,700 convenience retail sites in Australia and ~500 sites in New Zealand, plus terminal and pipeline infrastructure.
Summary
KKR has deployed its Asia Pacific Credit strategy to lead a A$400m refinancing facility for Ampol, Australia's major integrated petroleum company. The transaction represents KKR's continued investment activity in alternative credit across the Asia-Pacific region and demonstrates the firm's ability to structure bespoke financing solutions for investment-grade corporates with established operational track records.
The facility was structured through KKR's Asia Pacific Credit platform in partnership with Singapore-based Clifford Capital, a global infrastructure credit platform backed by Singapore's sovereign wealth fund Temasek. This cornerstone investment reflects the participation of major institutional capital in the transaction. The financing will support Ampol's refinancing initiatives and broader capital allocation objectives aligned with the company's corporate strategy.
Since 2019, KKR's Asia Pacific Credit strategy has established significant scale within the region. The platform has deployed over US$9.1bn across 63 credit investments, driving total transaction volume exceeding US$28.4bn. This deployment pattern underscores KKR's systematic approach to building a diversified credit portfolio across the Asia-Pacific region while leveraging the firm's private markets capabilities.
Ampol represents a substantial investment-grade credit counterparty. The company operates an integrated fuel supply and marketing value chain in Australia supported by a national network of terminals and pipelines. Its convenience retail footprint spans approximately 1,700 sites in Australia and roughly 500 sites in New Zealand. Ampol also maintains international trading and shipping operations based in Singapore and the US, extending its geographic and operational diversification.
According to Diane Raposio, partner and head of Asia credit and markets at KKR, "Ampol is an established, strong investment-grade business with a long operating history and a sophisticated approach to capital management." The transaction builds on KKR's existing track record in the Australia-New Zealand region and reflects the firm's broader expansion of credit capabilities across Asia-Pacific markets.
The facility was structured through KKR's Asia Pacific Credit platform in partnership with Singapore-based Clifford Capital, a global infrastructure credit platform backed by Singapore's sovereign wealth fund Temasek. This cornerstone investment reflects the participation of major institutional capital in the transaction. The financing will support Ampol's refinancing initiatives and broader capital allocation objectives aligned with the company's corporate strategy.
Since 2019, KKR's Asia Pacific Credit strategy has established significant scale within the region. The platform has deployed over US$9.1bn across 63 credit investments, driving total transaction volume exceeding US$28.4bn. This deployment pattern underscores KKR's systematic approach to building a diversified credit portfolio across the Asia-Pacific region while leveraging the firm's private markets capabilities.
Ampol represents a substantial investment-grade credit counterparty. The company operates an integrated fuel supply and marketing value chain in Australia supported by a national network of terminals and pipelines. Its convenience retail footprint spans approximately 1,700 sites in Australia and roughly 500 sites in New Zealand. Ampol also maintains international trading and shipping operations based in Singapore and the US, extending its geographic and operational diversification.
According to Diane Raposio, partner and head of Asia credit and markets at KKR, "Ampol is an established, strong investment-grade business with a long operating history and a sophisticated approach to capital management." The transaction builds on KKR's existing track record in the Australia-New Zealand region and reflects the firm's broader expansion of credit capabilities across Asia-Pacific markets.
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