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.
Our finance team has an international reputation for delivering premium legal services and finding innovative solutions to the most complex questions.
Finance has been at the heart of our business since the very beginning. Today, as the global finance sector adapts and responds to a series of challenges – economic, political and regulatory – our team continues to find fresh approaches to our clients’ financing requirements.
Our strength lies in a mix of deep technical expertise and an intimate knowledge of our key industry sectors, Energy, Real Estate and Transport that allows us to add real commercial value. We advise on all finance matters, including asset finance, project finance, capital markets, real estate finance, acquisition finance, ECA finance, Islamic finance and restructuring and insolvency.
We take the time to invest in relationships and currently act for more than 150 banks and financial institutions worldwide, as well as private equity investors and major corporates in their diverse roles as advisers, arrangers, lenders, borrowers, lessors, lessees, issuers, underwriters, custodians and trustees.
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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.