Gilbert + Tobin has acted for the syndicate of lenders on the A$2.35 billion financing of Aurizon’s acquisition of One Rail Australia.
The transaction involved additional financing provided to the Aurizon group alongside its existing debt facilities, as well as the introduction of standalone debt facilities for the divested “East Coast Rail” haulage business in New South Wales and Queensland. G+T advised both syndicates on the transaction.
The G+T team was led by Banking + Projects Partners Simon Lynch and John Schembri and Special Counsel Rachel Jones, with support from consultant Abby McIntosh, lawyer Christian Smolders and graduate John Edmunds.
On the transaction, Simon commented, “It was a privilege to work with a sophisticated syndicate of lenders on this landmark transaction. A highly complex deal, involving an ACCC clearance process and multiple consents, we are delighted to have assisted in its successful completion. The acquisition is transformative for Aurizon, as it expands into new geographies and markets. We congratulate them on what is a milestone for Australian infrastructure investment.”