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Banking and Finance – Recent Experience

Our experience

Advising the Commonwealth Bank of Australia (CBA) as one of the principal financiers of Pepper Australia Pty Limited’s acquisition of the $5 billion residential mortgage portfolio originated by GE Capital.  The acquisition is one of the largest whole loan sale transactions to occur in the Australian market.

Advising ANZ and Investec on the financing to design, build, operate and maintain the QEII Medical Centre Car Parking PPP Project in Western Australia.

Advising Kulczyk Oil Ventures Inc. on the proposed acquisition by Neconde Limited (an international consortium) of a 45% interest in Oil Mining Lease 42, an oil and gas field in Nigeria, from Shell Petroleum, Total and Agip.

Advising the successful bidding consortium, comprising of two leading global private equity firms, The Carlyle Group and TPG, on the financing aspects and Carlyle separately on corporate aspects relating to its successful bid for one of Australia’s largest private health care providers, Healthscope 

Advising a syndicate of banks comprising of CBA, NAB and Rabobank on the financing of the successful bid by Hancock in the privatisation of Queensland’s State Forestry assets

Advising a banking syndicate in respect of the sale of Westpac Investment Vehicle No. 4 Pty Limited to Auckland Airports

Advising a bank syndicate comprising CBA, BNP Paribas, SMBC, WestLB and Westpac in the corporate and lease financing of Felix Resources Limited, including syndicated performance bonding facilities and the issues arising as a consequence of the takeover announcement during the course of the transaction

Acted for two banks in relation to the provision of a secured performance bond and financial guarantee facility provided to Whitehaven Coal Limited to support its general corporate requirements

Advising BTA Institutional Services Australia Limited and The Bank of New York Mellon, Singapore Branch (Security Trustee) in relation to the removal and replacement of Allco from the financing structure as a result of the sale of Allco Finance Group’s aviation business to Hong Kong Aviation Company and Bravia Capital Partners. This transaction was a finalist for the Insolvency and Restructuring Deal of the Year at the 2010 ALB Australasian Law Awards

Advising BTA Institutional Services Australia Limited in various roles in relation to the Lane Cove Tunnel receivership.  The project’s funding structure was unique and represented the first tollroad project to be financed exclusively by a debt capital markets funding solution. This is the first time that such credit wrapped bond deal has gone into insolvency in Australia

Advising the GoodStart syndicate operating through GoodStart Childcare Limited on the financing aspects in relation to the sale of over 650 childcare centres across Australia from the receivers and managers of ABC Learning Centres including negotiating facility agreements, security documents and intercreditor arrangements with one of Australia’s top for banks and the Commonwealth Government

Advised a syndicate of banks (including ANZ, BBVA, CBA, NAB and Westpac) in the recent acquisition by Hastings Funds Management of Cairns and Mackay airports in Queensland

Advised AGL Energy Limited on the project financing of Hallett Wind Farm (95MW) in South Australia

Advised Arctic Capital Limited on the recapitalisation of the Living & Leisure Australia Group and restructuring of its senior and subordinated debt

Advised Babcock and Brown on the US$210 million debt and convertible note financing of an investment in the oil & gas industry

Advised Bank of America on Kangaroo issuances under their EMTN Programme and on the establishment of their A$3 billion AMTN Programme and on drawdowns under that programme

Advised BNY Mellon Australia Pty Ltd in its role as security trustee in more than 80 Allco structured finance transactions following the receivership of Allco Finance Group

Advised Calyon Australia Limited:

  • on the establishment and on updates of their A$5.2 billion Euro-Commercial Paper and Certificate of Deposit Programme
  • on the establishment of their A$3.4 billion Debt Instrument Programme

Advised CHAMP and Catalyst on the financing of the acquisition of the Miller’s Retail and Warehouse Group discount retail businesses and subsequent restructuring

Advised CITIC Pacific Limited on the financing of a A$2 billion+ iron ore project in the Pilbara region in Western Australia

Advised the Commonwealth Bank of Australia on the establishment of its US$5 billion Asian Transferable Certificate of Deposit Program

Advised a major Australian bank on the establishment and annual updates of its US$35 billion EMTN Programme and drawdowns under that programme

Advised DCA Group Limited on senior and mezzanine facilities for the acquisition of nursing homes and refinancing facilities

Advised numerous banks in relation to the implementation of standstill arrangements and the restructuring of debt packages, including complex intercreditor arrangements, and voting entitlements

Advised Fletcher Building Limited (FBL):

  • on the financing in excess of its A$650 million acquisition of The Laminex Group
  • on the financing in excess of its A$530 million acquisition of Amatek Holdings Limited
  • on the financing in excess of its A$230 million acquisition of Tasman Building Products

Advised Macquarie Bank Limited on the financing of the acquisition of the Bank of Queensland ATM business

Advised Publishing and Broadcasting Limited (PBL) on its recapitalisation to form the PBL Media Group, the investment by CVC in PBL Media Group and the implementation of in excess of A$4 billion senior and subordinated debt facility – ALB Debt Market Deal of the Year 2007

Advised Renewable Power Ventures on the project documentation and financing of the Alinta wind farm project, the largest in Western Australia

Advised Rubicon on listed trusts and funds established by Rubicon with respect to their various financing arrangements

Advised Westpac Banking Corporation:

  • on all debt capital markets issues arising from their merger with St. George Bank
  • on the A$200+ million syndicated bank debt financing in connection with the establishment of Westpac Diversified Property Trust

Advised Westpac Funds Management Limited on senior and mezzanine financing for the acquisition of Delhi Petroleum.

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