NEWS

Allens advises bank syndicate on $300 million banking facility

By Karla Fraser
Banking Financial Services Royal Commission

Allens has acted for a syndicate of banks in the establishment of a $300 million syndicated banking facility for business equipment financier Silver Chef Limited.

The banking partnership with ANZ, Bank of Queensland, CBA, HSBC and Westpac is central to Silver Chef's strategic growth plans in overseas markets.

The multi-currency facility will allow Silver Chef to borrow in New Zealand, Canadian and Australian dollars.

The matter reached financial close yesterday.

The Allens team on the matter was led by Partner Karla Fraser.

'We were very pleased to be able assist our banking clients on this strategic cross-border financing for Silver Chef,' Karla said.

Allens legal team

Karla Fraser – Partner and Jacinta Dyer – Senior Associate

Ends

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 40 offices in 28 countries around the world.