The new syndicated facility, totalling AUD885 million and USD130 million, replaced Perpetual’s existing facilities (AUD550 million, GBP115 million and USD173 million). The refinancing was completed on 30 May 2025 and will be used for general corporate purposes and working capital across the Perpetual group.
G+T advised the syndicate of lenders, with the team led by Banking and Projects partner Robert Trowbridge and lawyer Jonathan Mo. The team was supported by Sullivan & Cromwell LLP on US law matters, including partner Waldo D. Jones Jr., special counsel John J. Anselmi, special counsel Benjamin I. Fleming, and associate Hye Jin (Jinny) Lee.
Ashurst acted for Perpetual, with partner Emma de Carle leading the team. Vedder Price assisted on US law matters.
Robert commented:
This was a complex, multi-currency refinancing executed on a tight timetable. We’re pleased to advise the syndicate on a transaction that continues the support for Perpetual’s business and growth strategy.
