King & Wood Mallesons (KWM) is delighted to have acted as legal counsel for National Australia Bank and HSBC, as financiers to Paragon Care Limited (ASX: PGC) on their ~A$180m refinancing. The financing solutions provided will assist in Paragon Care’s ongoing business and expansion into Asia after their recent merger of the Quantum Group. The deal achieved financial close in March 2023.
Paragon Care Limited is an Australian listed company, and a leading supplier of medical equipment, devices and consumables as well as healthcare equipment and repair and maintenance services.
National Australia Bank and HSBC were advised by a KWM team led by Jonathan Oldham (Partner in Charge, Melbourne and Banking & Finance Practice Leader), with Senior Associate Stuart Alexander and Solicitors Ivor Wong and Grace Lewis.
Jonathan Oldham commented: “We are grateful for the opportunity to work with Paragon Care and the financiers on their successful refinancing. Following the merger of the Quantum Healthcare Group, the financing involved multiple sets of foreign counsel in South East Asia and New Zealand and significant co-ordination across those jurisdictions. It is an exciting time for the Paragon Care business and we look forward to seeing Paragon Care continue to grow and develop their business with the support of their financiers”.
King & Wood Mallesons is ranked Band 1 for corporate finance by leading legal guide Chambers and continues to advise on large scale and market leading transactions.