Restructuring Advisory

On all aspects of the administration of an ASX-listed multinational group, including expedited domestic and cross-border sale processes involving operations across Asia, preserving employment and delivering value through coordinated multi-jurisdictional transactions.

For the majority senior secured lenders and receivers and managers (McGrathNicol) on all aspects of the pre-appointment restructuring and enforcement planning work and subsequently the receivership, including the ongoing trading of the global business across several jurisdictions, receivership funding and the strategy and implementation of global enforcement and realisation. 

On all aspects of the administration and liquidation for the administrators and then liquidators (McGrathNicol) of the Australian subsidiary and interaction with a parallel US Chapter 11 Bankruptcy process for the US business. 

As local Australian counsel to WeWork in relation to its US Chapter 11 Bankruptcy process and the management of its Australian operations during the process.

On its ~$2 billion exposure to the Greensill group of companies including in relation to its security over certain GFG entities in Australia. 

For the administrators on the Australian administration, successful sale and restructure via a DOCA, Creditors Trust and US Chapter 15 recognition application. 

For the UK parent company on the exit of the Deliveroo business from the Australian market via a voluntary administration and deed of company arrangement, including a complex creditor distribution framework. 

For a significant contractual counterparty, buy-side on an Australian distressed M&A transaction and US Chapter 11 proceedings.

For Acciona on the restructuring, recapitalisation and acquisition strategy for the East Rockingham Waste-to-Energy Project, including acquisition of senior secured debt, entry into new EPC arrangements and structure of credit bid in the sale process (including ACCC and FIRB approval process). 

Acting for a significant counterparty in relation to the distressed private hospital operator. 

For ASX-listed APA Group on its $773 million acquisition of the Basslink electricity interconnector between two Australian states, including complex restructuring, acquiring the senior secured bank debt valued at approximately $526 million and subsequent credit bid in administration and receivership process. 

On a potential acquisition of the senior secured debt and equity in the Bluewaters power station, including loan-to-own strategy, enforcement structuring and analysis of complex stakeholder and regulatory considerations. 

On a potential acquisition of the coal assets of the Tahmoor underground coal mine (part of the GFG Group) from liquidators McGrathNicol. 

For ASX-listed Mineral Resources Limited on a complex restructuring and acquisition of ASX-listed RDG and its subsidiaries via seven interdependent deeds of company arrangement and a credit bid, consolidating ownership of key mining assets. 

Acting for the lending syndicates to the QWB casino and entertainment development project in relation to the high profile ownership restructure with Star Entertainment, including on the AU$1.6bn refinance. 

For a finance party on a complex creditors’ scheme of arrangement to restructure approximately $174 million of secured debt, involving corporate reorganisation, lender coordination and new funding arrangements. 

For Acciona on its acquisition of all of the senior secured debt and equity of the Kwinana Waste-to-Energy project by way of a solvent creditors’ scheme of arrangement. 

For Hilco on the acquisition of Wittner Group’s secured debt followed by finance, corporate and operational restructuring and subsequently for the administrators (Deloitte) in relation to all aspects of the administration and sale and recapitalisation process. 

For Vitol as the senior secured creditor and subsequently the receivers and managers of Dartbrook (FTI Consulting), an underground thermal coal mine, on all aspects of the pre-appointment restructuring and enforcement planning work and subsequently the receivership, including complex disputes and legal proceedings with a trade union, life of mine extension and sale process for the mine. 

For the Board of ASX-listed Top Shelf International Holdings in relation to restructuring, capital raising and turnaround strategy prior to commencement of formal insolvency proceedings. 

For a private equity sponsor and its portfolio group on a consensual restructuring, including standstill arrangements, amendments to syndicated facilities and a Restructuring Support Agreement to facilitate a structured sale process and a solvent exit. 

For a global private equity sponsor and its portfolio companies on the restructuring of a consumer healthcare group, including lender negotiations, forbearances and standstills, restructuring governance and ownership arrangements and implementation of a structured sale and recapitalisation process. 

Advised a global private equity sponsor, as agent for a syndicate of private credit lenders, on a secured financing and subsequent cross-border restructuring, including innovative security structuring and implementation of a US ‘flip-up’ corporate reorganisation. 

For the administrators of one of Australia’s largest retail insolvencies (Teneo), involving complex funding and intercreditor arrangements and a large-scale sale process involving the realisation via asset sale structure of over 100 individual stores. 

On all aspects of the administration of ASX-listed Bowen Coking Coal group for the administrators (McGrathNicol), an established coal operator and developer, including advice on complex priority issues and disputes in respect of secured and unsecured creditors and a sale process to multiple bidders (including a court application to effect a compulsory share transfer in the listed entity). 

On the design and implementation of a novel deed of company arrangement for a distressed general insurer, establishing a bespoke claims resolution framework and delivering an improved outcome for over 77,000 policy holders and creditors. 

On all aspects of the administration of a large hospitality group for the administrators (KordaMentha) with significant secured debt exposure, including court applications to extend the administration period and management of complex stakeholder dynamics in a high-profile insolvency. 

On all aspects of the administration of ASX-listed Panoramic Resources Limited group for the administrators (FTI Consulting), a nickel miner, including a successful restructure and recapitalisation of the business to Zeta Resources. 

For Hilco in relation to its secured debt and subsequently the receivers and managers (KPMG) on all aspects of the receivership of a 630 store, 3000 employee, bricks and mortar and online clothing retailer, including a multi-stage sale process. 

On the design and implementation of a creditors’ scheme of arrangement to address significant legacy liabilities of a not-for-profit organisation, involving complex stakeholder coordination and novel restructuring issues. 

For Elecnor on the insolvency of Clough Projects Australia Pty Ltd, its joint venture partner in the $4.1 billion ‘EnergyConnect’ mega project to build a 900km electricity transmission connection between SA, Victoria and NSW.