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Allens advises Villa World on $80m capital management initiatives

31 March 2017

Allens has advised Villa World Limited on three capital management initiatives to support Villa World's growth objectives, diversify its debt capital structure and provide additional financial capacity to replenish and increase land stocks through strategic purchases in optimal growth corridors.

The initiatives include a $50 million simple corporate bond offer, a fully underwritten $20 million equity placement and a $10 million share purchase plan.

The bond offer, made under the simple corporate bond regime, is only the third such transaction to take place in Australia since the laws were introduced in 2014.

'We were delighted to support Villa World to achieve its funding diversification objectives through the issuance of a simple corporate bond,' said joint lead Partner James Darcy.

'The transaction demonstrates the availability of the simple corporate bond structure for listed companies on a growth and funding diversification trajectory.'

'We look forward to seeing Villa World realise the benefits of the equity and debt raisings and move on to the next successful phase of their business,' said joint lead Partner Julian Donnan.

Allens legal team James Darcy (joint lead Partner), Julian Donnan (joint lead Partner), Stuart McCulloch (Partner), Karla Fraser (Partner), Addison Ma (Senior Associate), Katrina Huang (Senior Associate), Jacinta Dyer (Senior Associate), Melanie Hayden (Lawyer), Jess O'Sullivan (Lawyer)

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Notes for editors.

Allens is a commercial law firm working throughout Australia and Asia. Through its integrated alliance with Linklaters it provides clients access to 39 offices in 28 countries around the world.