Gilbert + Tobin has advised Northern Star Resources Ltd (ASX: NST), Australia’s largest ASX-listed gold producer, on the successful refinancing of its syndicated loan facilities, one of the largest transactions of its kind in the current Australian market. The refinancing comprises a $1.75 billion syndicated loan facilities agreement, alongside $50 million and USD99.5 million in contingent instrument facilities. The facilities were provided by a syndicate of 12 domestic, international and Asian banks, with ANZ, HSBC and Westpac acting as mandated lead arrangers and bookrunners. ANZ acted as agent and HSBC as fronting bank. The new facilities replace Northern Star’s December 2023 syndicated facility and include 4 and 5-year revolving loan tranches, as well as multi-currency contingent instrument facilities to support the company’s operations across Australia and North America. Partner Dom McGreal said: |
We are delighted to have supported Northern Star on this important refinancing. The transaction reflects the strength of Northern Star’s business and its standing with both domestic and international lenders and provides a flexible platform to support its ongoing growth.
This transaction highlights continued strength in the Australian gold sector and the depth of lender appetite for high-quality mining assets. The G+T team was led by partner Dom McGreal, with support from special counsel Claire Rowe, lawyers David Stokes and Natasha Ting and graduates Amy Bannerman and Jason Williams. |
