NEWS

Allens advises Zenith Energy on Note issue

By Ben Farnsworth
Banking Capital Markets Energy

Allens has acted for the Zenith Energy group on its $40 million Subordinated Amortising Fixed Rate Note issue with lead arranger, FIIG Securities Limited (FIIG).

The Offer exceeded demand with bond investors supportive of Zenith Energy's intention to use the proceeds to fund the company's strong pipeline of projects.

Commenting on the transaction, Partner Ben Farnsworth said demand for alternative energy solutions was contributing to a complementary demand for investment opportunities into the sector.

'Zenith Energy's business model make it an attractive proposition for bond investors.

'Working as part of a team of advisers we were delighted to assist with an Offer which secured such strong interest,' said Ben.

 

Allens legal team

Ben Farnsworth (Lead Partner – Banking & Finance), Rod Aldus (Senior Associate, Banking & Finance) and Tania Joppich (Law Graduate, Banking & Finance)

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.