Advised Aristocrat Leisure Limited (Aristocrat) on its A$1.37bn acquisition of Tennessee based Video Gaming Technologies, Inc. (VGT).
Advised on the $1 billion sale of Wesfarmers insurance broking business, one of the largest trade sales of the 2013/14 financial year.
Bendigo and Adelaide Bank
Advised Bendigo and Adelaide Bank on the first wholesale Tier 2 subordinated note issuance by an Australian domestic bank since the Basel III rules in relation to regulatory capital came into effect.
Advised the lenders on a US$1.14 billion Term Loan B and an A$240 million revolving credit facility to Alinta Energy.
Advised Vodafone Hutchison Australia and Vodafone Hutchison Finance on the US$3.5 billion refinancing of Vodafone.
Rio Tinto $7.5 billion refinancing
Allens and Linklaters advised Rio Tinto on its US$7.5 billion dollar refinancing.
Advised iconic Australian company Billabong International Limited on a recapitalisation proposal with a consortium led by US private investment firms Oaktree and Centerbridge.
Vietnam oil refinery project
Advised Nghi Son Refinery and Petrochemical Company Limited and sponsors on the US$5 billion project financing of the US$9 billion Nghi Son oil and petrochemical refinery in northern Vietnam. This deal was awarded PFI Asia Pacific Petrochemical Deal of the Year 2013.
Advised ANZ on its commitment to provide a $16.5 million senior secured loan to Eureka Funds Management Limited, as trustee of The Australian Environmental Upgrade Fund No. 2. The EUA is Australia's largest ever, and will enable the installation of a 2 MW trigeneration plant at the $2 billion Central Park project in Sydney.
Acted in connection with the $1.1 billion refinancing for Sydney Airport's maturing senior debt, including acting for a syndicate of 10 major domestic and international lenders on a $300 million new senior facility.
- Advised on one of Australia's largest-ever corporate refinancings, of $7.4 billion. It is one of the largest individual corporate refinancings – if not the largest – to have occurred in the Australian market.
- Advised on a $2.4 billion syndicated facility. The facility, which was provided by 38, predominantly international, financiers, will be directed towards refinancing the company's short-term debt. This deal won the 2012 KangaNews Awards Syndicated Loan Deal of the Year.
- Acted on the execution of new bank debt facilities of $2.6 billion, involving a syndicated bank loan for A$2.3 billion and US$200 million, together with an A$100 million bilateral bank guarantee facility.
Financiers to the SecureFuture consortium
Advised the financiers to the successful SecureFuture consortium on the Wiri Men's Prison Project, which is New Zealand's first major PPP.
Advised FOXTEL, Australia's largest subscription television provider, on the A$2.1 billion financing of its acquisition of regional subscription television provider AUSTAR United Communications Limited and the A$900 million refinancing of its existing facilities.
Sydney Desalination Plant
Advised a consortium including the Ontario Teachers' Pension Plan Board, Hastings Managed Infrastructure Funds Utilities Trust of Australia and The Infrastructure Fund (together, the Consortium) on a binding offer to refinance the Sydney Desalination Plant for $2.3 billion. This deal was awarded the PFI Asia Pacific Infrastructure Deal of the Year for 2012.
Advised ACCIONA, the world's largest independent (non-utility) renewable energy developer and owner, on all aspects of the development of the $147 million Gunning Wind Farm, including the project's financing arrangements, which were completed in 2012.
Advised Archer Capital on the establishment of Australian Hospital Partners Pty Limited and its acquisition of 100 per cent of Healthe Care Australia Pty Limited from CHAMP Ventures, Healthe Holdings, ING Investment Management and BOS International (Australia) Limited.
Babcock & Brown Infrastructure recapitalisation
Acting for the syndicate of 11 banks on the A$1.8 billion recapitalisation of Babcock & Brown Infrastructure. This deal was significant in ensuring the ongoing viability of Babcock & Brown Infrastructure Group.
Centro Property Group restructure
Acting for the Australian financiers to the Centro Property Group on its restructuring and workout. This is the most significant workout to have occurred in Australia for some time.
Commonwealth of Australia
Advised on the establishment of a Special Purpose Vehicle to provide funding of up to A$1.3 billion to financiers of Australian car dealerships following the announcement of the withdrawal of major financiers to that sector.
Advised Billabong International on the US$700 million restructuring of their debt facilities. The deal team was able to work with a large bank group located in various jurisdictions while managing the release of the security and the entry into the new facility documents.
Archer Capital and Habourvest
Acting for Archer Capital and Habourvest on all the leveraged financing aspects of its acquisition of MYOB Limited, including procuring A$250 million of senior facilities.
Acted for Wesfarmers Ltd in its $A20 billion cash and share offer for Coles Group Limited via a scheme of arrangement. The takeover represents the largest financing transaction in Australian corporate history and has resulted in Wesfarmers becoming Australia's largest retailer and private sector employer.
Babcock & Brown Limited
Advised the mandated lead arrangers and underwriters of an A$2.7 billion multi-currency term and revolving syndicated facility extended to BBP Finance Australia Pty Limited.
Advising on the establishment of its $3 billion Euro Medium Term Note Programme listed on the Singapore Stock Exchange and on US$650 million in notes issued to the US debt capital markets in compliance with US Securities Laws Rule 144A.
Advised on its issue of US$350 million 2.0 per cent guaranteed convertible bonds, due 2013, to international investors. The bonds were listed on the Singapore Stock Exchange and are convertible into ordinary shares of Alumina. Our office was responsible for drafting all transaction documentation and the listing of the bonds on the SGX.
ANZ Royal Bank
Advised on the preparation of its entire suite of standard lending, security and trade financing documentation under Cambodian law; assisted ANZ Royal with the simplification of its Letter of Offer and General Terms and Conditions for lending facilities; and advising ANZ Royal on its legal ability to vary the base.
Acted on a series of transferable loan facilities arranged by Citibank and then HSBC, providing a total of HK$1.9 billion in property acquisition financing and the HK$6.2 billion senior and subordinated facilities to refinance the earlier facilities on the establishment of the Goodman Hong Kong Logistics Fund.
Macquarie Global Property Advisors (MGPA)
Represented Foxhill Investments Limited and Millennium (BVI) No. 2 Limited in the borrowing of HK$1.8 billion and HK$2 billion respectively for the refinancing of existing facilities in relation to real property developments transactions and other general corporate purposes.
PT Perusaahan Gas Negara (Persero)
Acted as English law counsel for PGN (PT Perusahaan Gas Negara (Persero) Tbk) in the US$350 million financing of the South Sumatra West Java Gas Transmission Pipeline. The financing involved a US$100 million bridge facility from ING, a US$50 million facility from International Finance Corporation and a US$225 million long-term facility from the Asian Development Bank.