James is a special counsel with experience advising on significant domestic and cross-border finance transactions within the areas of project finance (with a focus on the infrastructure and mineral resources sectors), complex structured financing, property and development finance, leveraged and acquisition finance, funds finance and restructuring.
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. James’ transactions have involved negotiating syndicated, club, unitranche and bilateral facilities and complex / structured intercreditor arrangements. Through his experience advising senior, mezzanine and equity investors on cross-border transactions, James appreciates the key issues and commercial drivers of various stakeholders investing into a project / corporate group’s capital structure.
James has a Bachelor of Arts/Bachelor of Laws from Monash University.
James' experience includes advising:
Project and infrastructure finance
- National Housing Finance and Investment Corporation to support the Tetris consortium’s bid in respect 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.
- Plenary in connection with its c$3.4 billion project financing and bid of VicRoads’ registration, licensing, and custom plates business under a 40-year State concession.
- Syndicate of lenders to the University of Wollongong Student Accommodation PPP project on both the syndicated financing and voluntary termination of the PPP (which was 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 A$224m syndicated facility agreement.
- Syndicate of lenders in connection with 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 A$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 c. A$117 million equity raise from its cornerstone investor.
- EMR Capital on the financing of its Lubambe copper mine in Zambia.
- EMR Capital on the financing of its Golden Grove copper-zinc mine in Western Australia under a US$190m syndicated facility agreement.
- Firmus Grid (Australian data centre developer and operator) on its successful debt and equity financings to fund the construction of infrastructure required for its market leading, immersion cooling based, carbon reducing, cloud data centre technology at its flagship site in Launceston, Tasmania.
- H.R.L. Morrison & Co (MCo) in a mezzanine 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 (i) finance the construction of data centres in Singapore under SGD124m mezzanine syndicated facility agreement, and (ii) refinance its Australian operations under A$180m mezzanine syndicated facility agreement. The transaction also included a complex third ranking holdco security structure.
- Deutsche Bank to assist AirTrunk to finance the construction of data centres in Hong Kong under a HKD440m senior syndicated facility agreement. The transaction also included a complex holdco security structure.
General corporate and leveraged / acquisition finance
- MLAUBs in relation to c.A$1.15 billion syndicated debt facilities of Perpetual’s acquisition of the Pendal Group by scheme of arrangement.
- Deutsche Bank in connection with the Hornblower Group’s A$405m syndicated debt facilities to acquire Australian travel group, Journey Beyond.
- Hoyts Group and Wanda Cinema Line Co. Ltd on its c.A$550 million syndicated facilities provided by Nomura and Bain Capital (as Mandated Lead Arrangers)
- Adamantem Capital on the unitranche financing of its acquisition of the Spotless commercial laundries business from Downer.
- MLAUBs in relation to c.A$507 million debt facilities for Perpetual Limited. The facilities provided certain funds commitments in relation to Perpetual’s acquisition of a 75 per cent stake in US-based asset manager Barrow, Hanley, Mewhinney & Strauss under an Equity Purchase Agreement for a consideration of c.US$465 million.
- Deutsche Bank in connection with OMERS’ and IPI’s bid / A$1.8 billion financing to acquire the AirTrunk Group’s global data centre operations.
- Syndicate of lenders to assist Next Capital’s acquisition of Enviropacific Services (leading specialist infrastructure service provider).
- Westpac to assist Next Capital’s acquisition of Eptec Services (specialist engineering contractor).
- Hilco Capital in relation to the financing and restructuring (loan to own strategy) of the entities connected to the Wittner shoes business.
- Panoramic Resources Ltd (and its Savannah Nickel Mine) on the restructuring of its: (i) project financing facilities with Macquarie Bank and (ii) shareholder loans with Zeta Resources Limited.
- Sundance Resources in respect of its litigation funding and associated intercreditor arrangements to facilitate / fund arbitration proceedings with the International Chamber of Commerce against the governments of Cameroon and Congo for the revocation of mining permits.
- CBA and NAB in relation to a A$165m subscription line syndicated facility to a SPV of First State Super for the purposes of (among other things) funding development costs for one of its subsidiaries, ProTen (Australia's largest grower of broiler chickens).
- CBA in relation to a A$150m subscription line facility to a SPV of First State Super for the purposes of (among other things) funding development costs at Camden Airport and Bankstown Airport.
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