Orchard Industrial Property Fund Refinancing
We acted for National Australia Bank in the $550 million refinancing of the debt facilities of Orchard in connection with the listing on the Australian Stock Exchange of the Orchard Industrial Property Fund and the initial public offer of units in the Fund. The transaction was significant because it resulted in the public listing of the Fund and a $205 million capital raising. The listing reinforced the position in the market of Orchard as one of Australia's leading property funds management companies.
ING Industrial Fund - A$1.8 Billion Syndicated Multi Currency Revolving Cash Advance Facility
We advised ING Industrial Fund with respect to their A$1.8 billion bridge refinancing. The financing was arranged and underwritten by Australia and New Zealand Banking Group Limited, Deutsche Bank AG, Sydney Branch and JP Morgan Chase Bank N.A. The process involved releasing all current security over the assets of the ING Industrial Fund prior to funding.
Royal Bank of Scotland, National Australia Bank and HVB Australia LTD
We acted as Australian counsel to the lending syndicate to assist Coogee Resources in the US$270 million financing of start up oil exploration and the development of the Montara, Skua, Swift and Swallow Oil Fields in the Bonaparte Basin in the Timor Sea and capital expenditure requirements on the existing Jabiru and Challis Oil Fields.
This deal was awarded IFLR Deal of the Year for Oil and Gas financing in the Asia Pacific region.
Project Louis - Apollo Group Acquisition of TNT Logistics, November 2006
At EUR1.335 billion, the buyout is believed to be the largest private equity deal at its time in the transportation and logistics industry and signals the growing impact of private equity in this area.
Project Dice - Terra Firma’s Worldwide Acquisition of EMI Group of Music Companies
We advised Citibank N.A., London Branch with respect to the Australian aspects of their financing of Terra Firma’s worldwide acquisition of the EMI Group of music companies. The value of the financing worldwide was £2,740,000,000. The Australian security structure involved Australian, US and Dutch subsidiaries of the EMI Group.
Financing the Acquisition by CVC of a 50% Interest in PBL Media
We advised leading investment banks UBS AG and Credit Suisse who underwrote and arranged the financing of the PBL Media transaction. The A$4.2 billion facilities included A$3.6 billion of senior amortising, term, capital expenditure and working capital facilities. There was also a subordinated bridge facility of $600 million, representing the largest subordinated bridge facility seen in Australian private equity deals to date. The deal represents the first major acquisition in the media sector since the relaxation of foreign ownership restrictions by the Federal Government in 2006 and one of the largest private equity deals ever in the Australian market.
RHG Home Loans PTY Limited - Extendible Commercial Paper Programme Refinancing
We are acting for RHG Home Loans Pty Limited (formerly RAMS Home Loans Pty Limited) on the refinancing of its A$5.5 billion extendible commercial paper program. The refinancing included an asset sale with a major Australian bank for approximately A$1 billion of assets, a private placement of A$750 million of rated residential mortgaged backed securities, and warehouse facilities being established with financial institutions with facility limits of A$2.5 billion.
Aurora Securitisation Pty Limited - ReTRO Series
The ReTRO Series, being a $225 million medium term note transaction, is Australia's first publicly rated medium term note transaction which securitises trade receivables. We worked with ANZ Investment Bank and the rating agencies in creating innovative cashflow waterfalls and liquidity support to overcome these issues.
This deal was awarded INSTO Deal of the Year.
CFCLA Rail JV - US$150m Freight Rail Acquisition and Lease
We advised Allco Finance Group on the creation of a joint venture with CFCL Australia Pty Limited (“CFCLA”) for the acquisition and leasing of freight rail locomotives and wagons, including the acquisition of US$150 million of assets.
Financing of 21 Embraer aircraft acquired by Virgin Blue Group
We advised a syndicate of banks in relation to the financing of 21 Embraer aircraft to Virgin Blue Group utilising a section 128F facility to provide funding to the airline. This was Virgin Blue’s first deal involving Embraer aircraft which were delivered in Brazil. The transaction size is in excess of US$500 million.
“Mallesons is consistently renowned for being a frontrunner in financial services, with an exceptionally strong banking client base.”
Chambers Global Guide 2007-2008