Global investment firm KKR has anchored a AU$400 million financing package for Australia-based fuel supplier Ampol to back the company’s refinancing and capital management strategy.
The deal, funded through KKR’s Asia Pacific Credit and insurance platforms, represents a significant private credit deployment in the Australian market.
Ampol, which operates Australia’s largest fuel network alongside the Lytton refinery in Queensland, will utilise the capital for general corporate purposes in line with its capital allocation framework.
The company maintains an extensive network of approximately 1,700 retail sites across Australia, 500 sites in New Zealand, and international trading operations in Singapore and the US.
Ampol Group CFO Greg Barnes welcomed the partnership, stating that the transaction highlighted the group’s proactive approach to funding.
“We are delighted with the significant support received from KKR on this occasion, and our collaboration with Temasek-backed Clifford Capital in arranging the transaction with our advisers,” Barnes said.
The transaction underscores a growing appetite among major corporations for bespoke private credit solutions over traditional bank lending.
Since 2019, KKR’s Asia Pacific Credit strategy has committed more than US$9.1 billion across 63 credit transactions in the region. Locally, KKR has previously delivered tailored financing solutions to Family Doctor, DBG Health, and fintech platform Lendi.
Diane Raposio, KKR Partner and Head of Asia Credit and Markets, said the firm was focused on providing flexible capital to high-quality companies.
“Ampol is an established, strong investment-grade business with a long operating history and a sophisticated approach to capital management,” Raposio said.
“We are pleased to partner with Ampol on this financing, building on KKR’s track record.”