Allens has advised a syndicate of domestic and international banks on the AU$2.625 billion and NZ$520 million refinancing of the debt facilities of Intellihub Group, a leading energy infrastructure company delivering metering, data and behind-the-meter technology solutions across Australia and New Zealand.
A 50/50 joint venture between Pacific Equity Partners and Brookfield Asset Management, Intellihub provides smart metering devices and services to more than 50 energy retailers.
Allens advised the financiers on all aspects of the refinancing, which includes a green loan component aligned with Intellihub’s sustainability objectives.
The refinancing will support Intellihub’s plans for growth, including the rollout of smart meters, solar and battery bundles, EV chargers and innovative energy management solutions supporting the transition to sustainable energy usage.
'This transaction reflects a strong appetite among lenders for energy transition infrastructure assets. It is incredibly rewarding for us to work collaboratively with the lenders and the sponsors in the co-design of financing structures that account for the unique characteristics of businesses like Intellihub which are at the forefront of emerging technologies and products around energy transition,' said lead partner Tim Stewart.
'We have been there since the initial acquisition of the Intellihub business and we are excited to work with the lenders and the sponsors as Intellihub continues to transform the way energy is offered and used.'
The advice builds on Allens' leading profile in complex finance transactions in Australia's energy transition sector, with the firm having recently advised lenders on a $700m renewable energy portfolio financing.
Allens legal team
Banking & Finance
Tim Stewart (Partner), Sarah Denton (Managing Associate), Nick Swart (Managing Associate), Campbell Halliday (Associate), Catherine Huynh (Associate), Sophie Sitch (Lawyer)