Gilbert + Tobin’s Banking + Infrastructure and Energy + Resources teams have advised Cooper Energy on a funding package for its Sole Gas Project, which is set to create the first new source of gas supply that stretches Australia’s east coast market in a number of years.
The team helped Cooper Energy secure flexible terms that enable the company to meet its long-term requirements and advised on the structuring of arrangements with APA Group in connection with APA’s acquisition of the Orbost Gas Processing Plant, where the gas from Sole will be treated.
Banking and Infrastructure Partner Simon Lynch, who led the debt raising, said:
“We are delighted at this great outcome for our client, Cooper Energy. We believe it will be a transformational deal and comes at a time when gas supply is a hot topic in Australia. Our close relationship with Cooper Energy and understanding of its long-term strategy meant we were able to advise on all elements of financing the Sole Gas Project and ensure they have the flexibility they need for future projects.”
The transaction was led by senior Banking + Infrastructure partner Simon Lynch and Energy + Resources partner Christopher Flynn, who were supported by special counsel, Rachel Jones, and lawyers Sachini Mandawala, Lindsay Crawford, Hannah Douglas, Kate Twomey, Tim Kennedy, Lester Lim Kok, Jessica Kim and Tian Lin.