King & Wood Mallesons (KWM) is pleased to have advised Brisbane Airport Corporation Pty Limited (Brisbane Airport) on the update of its €1.5 billion Secured Euro Medium Term Note (EMTN) Programme and its subsequent issue of €500 million 3.856 per cent. Secured Notes due 2035.
The proceeds of the issuance will be applied by Brisbane Airport to refinance existing indebtedness and/or for general corporate purposes, including supporting ongoing infrastructure investments (such as terminal upgrades) to deliver improved services, new facilities and an enhanced passenger experience.
The KWM team acted as English law counsel to Brisbane Airport and was led by Singapore Partner Andy Ferris with support from Senior Associate Jinnie Yeo.
Commenting on the transaction, Andy Ferris said:
‘We are delighted to have supported the Brisbane Airport team on this important financing. The EMTN programme and the €500 million bond issuance provide a flexible, long-term funding platform that will help the airport deliver the next phase of its transformation program investing in sustainable, transformational infrastructure designed to create local jobs and improve connectivity for communities across the region.’
This financing further showcases the KWM Singapore team’s debt capital markets expertise and experience in the air travel sector, following its recent role advising the Flight Centre Travel Group on its recent A$450 million convertible note issuance.
