Gilbert + Tobin has advised Cooper Energy Limited (ASX: COE), a leading Australian energy company, on a new A$420 million syndicated reserve-based loan facility.

As part of a duo of recent capital transactions in connection with Cooper Energy’s acquisition of the Orbost Gas Processing Plant from APA Group, including a A$244 million equity raising, the new debt facilities provide Cooper Energy with a flexible funding package as it looks to fund future growth.

The G+T team was led by Banking + Projects Partner Simon Lynch, with support from lawyers Nick Cerche and Christian Smolders.

On the transaction, Simon commented, “It was a pleasure advising our long-time client Cooper Energy on this significant transaction – one which plays an integral part in the company’s next phase of growth following the acquisition of the Orbost Gas Processing Plant. Completion of the equity raising, acquisition and financing in quick succession is a great achievement for Cooper Energy, and we were delighted to have supported them on this milestone deal.”

Grant Samuel were the financial advisers to the transaction. Allens acted for the syndicate of lenders.

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