Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers
| Deal Date: | 11-12-2012 | Practice Area: | Project Finance and Infrastructure |
| Deal Title: | Refinancing of Essendon Airport Pty Ltd | Industry: | Travel & Leisure |
| Description: |
Ashurst has advised the Lenders - Westpac Banking Corporation, Australia and New Zealand Banking Group Limited and Commonwealth Bank of Australia (trading as Bankwest) - and BOS International (Australia) Limited (BOSI) on the refinancing of Essendon Airport Pty Ltd (EAPL).
EAPL was seeking to refinance the A$150 million facility provided by BOSI ahead of its December maturity date. The Lenders are providing EAPL with facilities totalling A$186 million.
In addition to the A$150 million facility, which has been used to repay the existing BOSI debt, term facilities totalling A$24 million have been provided to finance existing and future projects as well as a A$12 million revolving credit facility which may be utilised by cash advances or bank guarantees.
The Ashurst team who advised the Lenders included partner Martin Coleman, senior associate Kenneth Nguyen and foreign associate Abigail Farrelly. A separate Ashurst team of partner Jock O'Shea and lawyer Gabrielle Metherall acted for BOSI.
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| Financial Center: | Melbourne | Value: | 100.01-500.00 |
| Advised Party: | Debt Provider | Law Firm | Ashurst |
| Project Location | Australia | Equity Sponsor | Australia |
| Classification: |
Project Finance Airports |
Lawyer | Martin Coleman |
