G+T recently acted for the unitranche and super senior RCF lenders in relation to an AUD 435m unitranche loan and a AUD 40m super senior revolving working capital loan.
G+T’s involvement on this project will enable Real Pet Foods Co Group (RPFC) to pursue its transformation and expansion plans in existing markets, Australia and New Zealand, and in new growth markets in Asia and the US.
G+T was able to negotiate and document debt terms on behalf of its clients, which facilitated the global growth plans of RPFC, whilst also balancing the lenders' requirements in the context of a guarantee and security package for a significant global operation such as RPFC.
The G+T team advising the lenders in relation to the unitranche loan, was led by the head of the Banking + Infrastructure practice, partner John Schembri.
John commented, "We were very pleased to be involved in another successful transaction involving a Unitranche + SSRCF structure, advising the lenders on the Real Pet Foods Group refinancing. This structure is one we are seeing more and more in the Australian market acting for both our lender and borrower/sponsor clients. The additional flexibility on terms, and the ability for Borrowers to raise the majority of their debt from a small group of 'take and hold' relationship lenders that have a thorough understanding of, and are willing to work towards, their clients’ business plans, make these structures particularly attractive to corporate borrowers and sponsors alike."
Also working on the G+T team advising the unitranche lenders was senior lawyer Stuart Cormack, lawyer Brent Thompson, and graduate Annabel Kirkby.
The G+T team advising the super senior RCF lenders in relation to the SSRCF was led by partner Gail Christopher, with support from lawyer Matt Weetman.