Gilbert + Tobin has advised Megaport Limited (ASX: MP1) on an $845 million multicurrency syndicated facility and related common terms platform. The financing supports the next phase of Megaport’s growth and expansion into AI infrastructure.
The transaction moves Megaport to its first syndicated arrangement. Eight leading banks are participating across three facilities.
The new debt platform gives Megaport greater funding flexibility as it scales its global compute, networking and cloud infrastructure capabilities. The secured arrangements extend across Megaport and some of its subsidiaries in Australia, Germany, New Zealand, Singapore, the UK and the US. This required coordination across all six jurisdictions.
Having advised Megaport on its existing debt arrangements, G+T was well placed to support the company through the transition to a materially larger and more sophisticated debt structure.
Partners John Schembri and Alex Tonkin jointly led the matter, supported by Emily Rothfield, Rachel Yan and Kosta Patsiotis. G+T worked alongside Linklaters in Germany, Singapore, the UK and the US, and Chapman Tripp in New Zealand.
John Schembri commented:
John SchembriMegaport is at an important point in its growth, and this new debt platform gives the business significantly greater flexibility to support its ambitions in AI infrastructure. Moving from a $150 million bilateral facility to an $845 million syndicated structure is a major step in the evolution of its capital strategy, and we’re delighted to have supported the Megaport team through that transition.
Alex Tonkin commented:
Alex TonkinThis was Megaport’s first syndicated debt arrangement and needed a structure capable of supporting a fast-growing global business across multiple currencies and jurisdictions. Coordinating the security package across six countries was a genuine cross-border effort, and it was a privilege to work with Megaport on a platform designed to support its next phase of global growth.
