Investor Presentaiton
Update on Debt Structure
Telstra shareholders
Telstra Group
Limited
(HoldCo)
Telstra Limited
(ServeCo)
InfraCo Fixed
(Telstra Corp)
Telstra
International
A
Existing Debt
A
New and
Transitioned
Debt
Amplitel (51%
share)
= Guarantor entities for
Existing Debt
T
✓ Existing external debt will initially remain in Telstra Corp Ltd
(to become InfraCo Fixed), with refinancing of existing
external debt (including by transfer, substitution or
otherwise) and new debt raising expected at Telstra Hold Co
We have enhanced the previously announced guarantee
structure to add ServeCo as an additional guarantor (i.e. in
addition to Telstra HoldCo) to support existing external debt
at InfraCo Fixed (see 'A' in the diagram to the left) ("Existing
Debt Guarantee")
✓This guarantee structure will have features allowing the
Existing Debt Guarantee from Telstra Hold Co to be released
upon a change of control of InfraCo Fixed (subject to certain
additional conditions)
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Telstra August 2022 Debt Investor PresentationView entire presentation