Debt Investors
Credit Rating
Northern Star has relationships with Moody’s, S&P and Fitch for the assignment of credit ratings. The Company is committed to maintaining its investment grade credit rating.
| Rating agency | Long term rating | Outlook |
| Moody’s | Baa3 | Stable |
| Standard & Poor’s (S&P) | BBB- | Stable |
| Fitch | BBB- | Stable |
US Debt Capital Markets
In FY23, Northern Star executed its inaugural US dollar bond, issuing US$600 million in senior unsecured guaranteed notes. Northern Star intends to use the proceeds from the Notes for general corporate purposes, including capital expenditures.
| Type | 144a/Reg S |
|---|---|
| Issue Date | 11 April 2023 |
| Maturity | 11 April 2033 |
| Issue Amount/Currency | US$600M |
| Secured/Unsecured | Unsecured |
| Rating | Baa3/BBB-/BBB- |
| Fixed/Floating | Fixed |
| Coupon (semi-annual) | 6.125% |
| Interest Rate Hedging % | Nil |