A six-year loan facility will primarily be used towards the prepayment of existing credit payments, amounting to US$152m, as well as to pay off a US$66m bridge facility raised in June 2019.
Lothar Wegener: “This is a good result for the firm, improving as it does on last year’s result for the same period, and clearly demonstrating the ongoing success of the sector-focussed model that drives WFW”.
The proceeds of the deal were used to refinance certain debt secured on the vessels.
The new airport opens in 2026 and will be the largest international gateway in Australia by 2060. It is expected to support almost 28,000 jobs within five years of opening.
The refinancing supports ongoing renovations, including the base of the building’s 29-story atrium, a two-story library and workspace, retail kiosks, a bar and lounge, a pool and a gym.
Having also acquired majority stakes in packaging machine specialists FAWEMA and HDG in 2018, HQ Equita further strengthens TPG with WOLF’s acquisition.
Ivy was previously a Partner and China Desk Head at DFDL, Bangkok. Going forward, Ivy will be dividing her time between WFW’s Bangkok and Singapore offices.
This was a complex tri-partite arrangement with Bondcare taking full control of Darrington’s operational care home business, and Target REIT taking over the real estate freeholds of five care homes.
WFW was recognised for obtaining a landmark High Court ruling on the enforcement of adjudication decisions in cases of fraud in construction projects on behalf of Bester Generacion in the case of PBS Energo A.S. v Bester Generacion UK Limited
alwitra is a market leader in Germany for plastic roofing and sealing membranes for flat roofs. The company generates an annual turnover of around €80m and has around 300 employees at its two main facilities in Trier and Hermeskeil.