Australian businesses prepare for the new privacy regime
Our finance specialists advise on a full range of corporate, real estate, project and structured finance transactions. We have great depth and breadth of experience advising national and multinational corporations, national and international banks, investment banks, other financial institutions and intermediaries and government organisations. Minter Ellison is one of the few major law firms appointed to the legal panels of all four major Australian banks.
We have a proven track record, and are widely recognised for our technical and commercial expertise, and ability to deliver practical, innovative solutions. Clients applaud our accessibility, partner responsiveness, and timely, cost-effective service.
Our offices in New Zealand, the United Kingdom and Asia enable us to provide a seamless service on multi-jurisdictional finance transactions.
Advised Qantas on the funding for the acquisition of three Boeing 737 aircraft. This involved the use of a multiple tranche facility in both Australia and New Zealand.
Acted for the arrangers of the A$600m mezzanine facility for the PBL Media leveraged buy-out (LBO) and subsequent additional financing for the A$5.5bn acquisition of Ticketek/Acer Arena (CVC). This deal was awarded 2008 Debt Market Deal of the Year at the ALB Australasian Law Awards.
Acted for Perpetual as trustee, security trustee and standby servicer and manager on the Rural Bank securitisation of agribusiness loans. This headline transaction was the first new asset class to be securitised in a public transaction in Australia since the start of the global financial crisis.
Acted on finance aspects of the acquisition by Mirvac Group of Westpac Office Trust (a listed REIT). When all components of the deal are considered the size is quite large and extremely complex. The transaction was one of the largest takeovers for the listed property sector in 2010, involving the restructuring of over A$1.14bn in property assets and over A$500m in rated debt notes. Westpac Office Trust (WOT) assets include Westpac Bank's $720m Sydney headquarters - one of the largest office buildings in Australia.
Advised on the A$6.6bn (enterprise value) acquisition by Morgan Stanley Real Estate Funds of the stapled Investa Property Group, consisting of Investa Property Trust (IPT) and Investa Properties Limited (IPL). This was one of the first public to private transaction of an Australian-listed REIT.
Acted for NAB as mandated lead arranger and underwriter (MLAU) of A$1bn senior facilities to fund Primary Health Care Limited's refinancing of its existing term debt with 29 lenders. Facilities were syndicated to 11 leading domestic and international banks.
Acted on a complex, multicurrency, cross-border issue of A$800m dollar equivalent of €500m term notes issued by SPAUSNET. The Eurobonds were issued in the European market, listed in Singapore, and included a Swiss franc tranche.
Acted for international bank syndicate on the $723m senior debt facility to Australia's largest hotel owner, Tourism Asset Holdings Limited (TAHL), and its subsidiaries.
Acted for TPG Telecom Limited in acquiring PIPE Networks Limited, a leading telecommunications company that owns the third-largest fibre optic network in Australia. The transaction values PIPE Networks at A$373m and creates a merged group worth just over A$1.7bn.
Acted for lead banks Credit Suisse, nabCapital, RBS, Calyon, and Deutsche Bank to provide the financing for Primary Health Care's A$3.56bn hostile acquisition of Symbion Health Limited, a multi-award winning transaction.
Acted for the winning consortium on the successfully closed Melbourne Convention Centre project, the largest proposed facility of this type in Australia with associated retail and commercial developments and public works. The A$1.2bn project includes a 5,000 seat convention centre, a five star hotel, office and residential tower, riverfront retail promenade and revitalised Maritime Museum.
To provide funding to the CSC Treasury Trust for on-lending to the ARIA Property Fund and PSS/CSS A Property Trust.
Acted on the restructuring of Elders Ltd group senior debt financing arrangements with syndicate lenders and US noteholders in conjunction of the sale of Elders' stake in Rural Bank Ltd to Bendigo & Adelaide Bank and the accession to the Elders Group of the Plexicor businesses.
Acting for Australian Unity on a listed retail, rated corporate bond issue for this complex health insurance, retiremement living and financial management corporate group, structured to meet the requirements of the new ASIC class order and involving a first time listing of securities by the issuer.
Acted for Affinity Equity Partners (advised and financed by Credit Suisse) on the A$450m leveraged buy out (public to private) of the Colorado Group.
Acted for NAB, as agent, and each of the lenders in the 24 member banking syndicate on the restructure of General Property Trust 's € 2.010bn corporate facility, which involved a relaxation of the total look though gearing covenant necessary as a precondition to GPT's A$1.6bn capital raising completed in October 2008.
Acted for Hertz Australia Pty Limited on a new securitisation program to refinance the existing securitisation of its Australia-based rental fleet. The complex cross-border transaction will need to overcome the challenge of securing the required rating.
Acted for the multinational syndicate of banks (including ANZ, Westpac, CBA and Japan's Mizuho Bank) to close a complex restructure and refinance of A$1.63bn facilities to the ING Industrial Fund, a listed Australian REIT with assets in Australia, Canada and Europe. The complex matter ran for over six months.
Advised an international syndicate of 12 lenders in relation to the provision of finance for a bid by Kohlberg Kravis Roberts (KKR) to acquire, via a scheme of arrangement, ASX-listed Healthscope Limited. Minter Ellison advised the syndicate of lenders over a four week period in relation to the negotiation and preparation of commitment letters, fee letters, intercreditor terms and the senior syndicated facility agreement.
Acted for Hertz Australia on a new debt program to refinance the existing securitisation of its Australia-based rental fleet. The complex cross-border transaction overcame challenges to obtaining a high rating and tax issues.