Bonnyrigg Social Housing PPP
Members of our team acted for the lender in providing $700 million in term and construction funding to the consortium for the Bonnyrigg Living Communities Project. This was Australia's first privately financed social housing project which involved public housing and the development and sale of private housing.
Victorian desalination project - project finance
Members of our team advised Treasury Corporation of Victoria on the project finance facilities for the Desal project. This has been the largest desalination project in the world to date. The deal involved structuring unique State credit support arrangements to enable the finance to be raised against the backdrop of the GFC.
Baiada Poultry - Bartter/Steggles acquisition finance
Advised Baiada Poultry on its acquisition finance and re-financing for the purchase of the Bartter/Steggles business which created Australia's largest poultry business.
ING Retail Property Fund Australia debt facilities
Assisted ING Real Estate, as borrower, with the $675 million refinancing of the ING Retail Property Fund Australia.
Macquarie Bank - LJ Hooker acquisition finance
Acted for Macquarie Bank on the debt financing of the leveraged buy-out of LJ Hooker - one of the biggest leveraged deals in 2009.
Redcape Property Trust (formerly Hedley Leisure and Gaming Property Trust) financing
Advised the senior bank syndicate on the extension and re-negotiation of a $700 million senior syndicated loan to Redcape Property Trust.
Perpetual - SMHL Securitisation Fund
Advised Perpetual on the recent A$780 million SMHL Securitisation Fund 2009-3 transaction. The deal completed a trifecta of domestic debt market issuances for Members Equity Bank in the second half of 2009. Henry Davis York worked on all three deals for Perpetual. By issuing bonds that were redeemable or convertible at the option of the bondholder, the deal attracted a high level of cash fund participation and broadened the investor base for Members Equity Bank. This deal was one of the first public offerings completed since the start of the global financial crisis and marked a resurgence in Australia's securitisation markets as it was completed without the key investment of the Government's Australian Office of Financial Management.
Acquisition funding
Advised the lender in the acquisition funding for a new property fund.
Babcock & Brown debt restructuring
We advised the syndicate of 25 banks in relation to the provision of additional funding of $150 million to the group and subsequent complex restructuring of all debt facilities totalling around $3 billion.
Allco Finance Group
Acting for three banks with the largest individual exposures of the banking syndicate to Allco Finance Group in connection with the restructuring of in excess of $1 billion worth of syndicated and bilateral facilities. Also advising those banks on individual bilateral exposures to various Allco satellites.
Mahogany Capital
Advising the Australian note trustee in connection with issues arrising out of the collapse of Lehman Brothers and flow on implications for a $125 million retail credit linked notes issued by an Australian special purpose company, Mahogany Capital Limited.
Seiza Capital
Advising for the secured lenders to the Seiza Capital group, an Australian mortgage originator and manager which manages and has residual income rights in connection with an approximately $1.2 billion portfolio of non-conforming loans. By way of a deed of company arrangement we assisted our client to effect a partial debt for equity swap and restructure of its facilities so as to enable a long term work-out of its exposure.
Centro Group
Acting for a club of banks providing funding to various Centro syndicates and subsequent advice regarding this and other exposures totalling around $400m owed by the troubled Centro Group.