Ampol (ASX:ALD) has launched a AU$400 million wholesale delayed-draw subordinated notes facility, extending its capital management program following subordinated debt issuances in October 2025 and December 2025, according to a Friday filing with the Australian bourse.

The facility provides committed long-term funding in two tranches of AU$250 million and AU$150 million, available until March 2027 and June 2028 respectively, per the filing.

The proceeds will be used primarily to refinance existing subordinated debt, including notes callable in 2027 and sustainability-linked notes due in 2028, as well as for general corporate purposes, the filing said.

The notes have a 12-year non-call period and mature in 2058, the filing added.

The company's shares rose around 1% in recent Friday trade.