Banking & Finance – Recent experience
Some examples of major banking and finance deals in which Allens Arthur Robinson has recently been involved include:
Boart Longyear and Dyno Nobel
Acted for Macquarie Bank in relation to the funding arrangements for its US$1.5
billion acquisition of Boart Longyear and US$1.7 billion acquisition of Dyno
Nobel. Also advised on the subsequent IPO funding of both organisations.
Yellow Pages NZ
Advised on the financing of the NZ$2.24 billion acquisition by CCMP Asia and
Ontario Teachers Pension Plan Board of the Yellow Pages Group.
Fairfax Refinancing
Acted for ANZ, the co-arranger (with CBA) and consortium member in Fairfax's
A$532.5 million refinancing of existing facilities.
Consolidated Press Syndication
Advised ANZ as lead arranger and consortium member on Consolidated Press
Holdings' A$1 billion syndicated revolving credit facility.
Dampier to Bunbury Natural Gas Pipeline (DBNGP)
Acted for DBNGP Finance, as dealers in the note program and senior financiers in
the senior debt facilities, in DBNGP's A$1.23 billion refinancing. This followed
our acting for the Macquarie Bank-led Alinta/Alcoa/DUET consortium on the A$1.8
billion acquisition.
Seoul-Chuncheon Expressway
Advised Macquarie Korea Infrastructure Fund (MKIF)
on all aspects of the design and construction contract for the concessionaire
(in which MKIF was investing) with the construction consortium for the
construction of a US$1.4 billion tollroad between Seoul and Chuncheon.
Millmerran Power Station
Provided legal advice to the joint lead arrangers and
underwriters of the A$1.025 billion refinancing of the Millmerran power plant in
Queensland, funded by an 11-bank syndicate.
Kangaroo Tier 1 Hybrid
Acted for the joint lead managers, Westpac
Institutional Bank and ABN AMRO, on AXA's A$750 million Kangaroo Tier 1 hybrid
note issue. The issue was the first of its kind in the Australian market and
only the second non-domestic Tier I hybrid issued into the local market.
Swiss Re Hybrid
Advised global insurer, Swiss Re, on its A$750 million hybrid
debt securities issue, one of the first issues of hybrid debt denominated in
Australian dollars by a non-Australian issuer.
Sydney Airport Refinancing
Acted for the credit wrappers and financial
guarantors, the lenders and also the dealers and lead managers, in the A$6
billion refinancing of existing debt facilities.
Ambac Assurance Corporation
Acted for the credit wrapper of an A$500 million
medium term note issue by United Energy Distribution.
Bendigo Bank
Advised on the financing of the A$100 million construction, sale
and leaseback of Bendigo Bank's headquarters in Bendigo, Victoria.
Restructurings
Advised Burns Philp & Co on its corporate restructuring,
particularly its global debt obligations and associated equity raisings. Advised
the sponsor of the Cross City Tunnel on the restructuring of this group and
Henry Walker Eltin Group on its debt and equity restructuring and subsequent
administration.
Securitisation
Innovative securitisations including:
- Prime RMBS (domestic, euro, 144A and SEC registered) - Westpac Waratah Structure, St.George Global, Challenger Millennium.
- CMBS - Westpac Office Trust CMBS, Walker Corporation CMBS, Deutsche Office Trust, ALE CMBS, Centro Capital Pty Ltd - Series 1 CMBS.
- Non-conforming and reverse mortgage RMBS - Bluestone Sapphire, Challenger Titanium, Bluestone Emerald.
- ABCP conduits - Deutsche Office Trust CP.
