James Frixou

Biography

James is a special counsel in our Banking and Projects group.

He advises on major domestic and cross-border project finance transactions, with a focus on infrastructure, including PPPs, social and affordable housing, digital infrastructure (including AI) and the resources sectors. He also has experience advising on property and development finance, leveraged finance and acquisition finance, funds finance and restructurings.

Having worked in Melbourne, London and Stockholm, James has assisted major international financiers and sponsors on complex transactions within the Australian and European loan markets. These transactions have involved negotiating syndicated, club, unitranche and bilateral facilities, as well as complex structured intercreditor arrangements. With experience advising senior, mezzanine and equity investors on domestic and cross-border transactions, James understands the key issues and commercial drivers for stakeholders investing in a project or a corporate group’s capital structure.

Experience

James’s experience includes advising:

  • Firmus on its USD10 billion GPU financing facility supporting the staged acquisition and deployment of high-performance GPU clusters (NVIDIA GB300 chips) and associated infrastructure.

  • Tetris led consortium (Together Housing) financing the design, construction and operation of 134 affordable housing dwellings located at Brunswick East under Victoria’s flagship Affordable Housing Partnership Program.

    • Housing Australia to support Housing Choices South Australia on the Wirra Mikangka social and affordable housing project delivering 101 affordable and 20 social homes in  Adelaide.

    • Housing Australia to support the Tetris consortium of the GLM2 PPP (procured by Homes Victoria) to finance, design, construct, manage and maintain various social, affordable and disability housing dwellings under a 40-year state lease.

    • Wilam Marrga (Tetris led) consortium’s bid to finance, design, construct, manage and maintain the new Melton Hospital (PPP).

    • Housing Australia to support the Mission Australia/Palisade consortium’s HIF bid to finance, design, construct, manage and maintain various social and affordable housing projects in Queensland.

    • Housing Australia to support Brisbane Housing Company/QIC consortium’s HIF bid to finance, design, construct, manage and maintain various social and affordable housing projects in Queensland ($340 million debt package).

    • Plenary in connection with its approximately $3.4 billion project financing and bid of VicRoads’ registration, licensing, and custom plates business under a 40-year state concession.

    • Syndicate of more than 20 lenders in connection with Whitehaven’s $6.4 billion acquisition of BHP’s met coal assets.

    • ANZ on the refinancing of the ANU SA6 Student Accommodation PPP project.

    • Syndicate of lenders to the University of Wollongong Student Accommodation PPP project on both the 2019 syndicated financing and 2021 voluntary termination of the PPP (one of the first of its kind in Australia).

    • MUFG and BBVA on the financing of the ‘Mundaring Water Treatment Plant PPP Project’ under a $224 million syndicated facility agreement.

    • Syndicate of lenders regarding the project financing and successful bid by QIC and Schiphol for a majority interest in Hobart International Airport.

    • New Century Resources Limited on its successful $180 million financing of environmental rehabilitation bonds required at its Century Mine project, which included a complex debt financing package stapled with long-term zinc hedging transactions and a successful approximately $117 million equity raise from its cornerstone investor.

    • EMR Capital on the financing of its Golden Grove copper-zinc mine in Western Australia under a USD190 million syndicated facility agreement.

    • EMR Capital on the financing and subsequent refinancings of the Lubambe copper mine in Zambia.

    • Firmus Grid on its successful debt and equity financings to fund the construction of infrastructure required for its market-leading cloud data centre technology at its flagship site in Launceston, Tasmania.

    • H.R.L. Morrison & Co (MCo) in a facility advanced by one of MCo’s managed clients to assist Singapore’s Kacific Broadband Satellites Group to fund the design, manufacture and launch of Kacific-1 - Kacific’s first satellite which launched on SpaceX’s Falcon 9 rocket.

    • Deutsche Bank and Goldman Sachs to assist AirTrunk to:

      • finance the construction of data centres in Singapore under SGD124m syndicated facility agreement

      • refinance its Australian operations under $180 million syndicated facility agreement. The transaction also included a complex third-ranking Holdco security structure.

    • Deutsche Bank to assist AirTrunk in financing the construction of data centres in Hong Kong under a HKD440 million senior syndicated facility agreement. The transaction also included a complex Holdco security structure.

    • Collgar Wind Farm on the refinancing of its syndicated term facilities.