APA buys A$99M of Basslink's debt

APA Group has acquired an interest in the debt of Nexus Australia Management - the borrowing entity for Basslink, after it entered into administration earlier this month.

APA buys A$99M of Basslink's debt APA buys A$99M of Basslink's debt APA buys A$99M of Basslink's debt APA buys A$99M of Basslink's debt APA buys A$99M of Basslink's debt

First step in acquiring indebted company

APA said it is interested in buying Basslink from the receivers and managers, with the face value of the debt that it has acquired to be around A$99 million.