Structured Finance

Minter Ellison has one of the leading structured finance practices in Australia.

Over recent years, we have developed a strong practice with broad market coverage. Our team has the depth and breadth of expertise to deliver a full range of top quality, timely and cost-effective legal services to issuers, borrowers, arrangers, funders, lessees, lessor, trustees and service providers.

We specialise in securitisation, debt capital markets, derivatives and asset finance.

Funding of the acquisition of three Boeing 737 aircraft

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.

Up to A$2bn facilities to Cromwell Direct Property Group

Acting for mandated lead arrangers and bookrunners and lender group, including major domestic and international banks, on facilities of up to A$2 billion to Cromwell Property Group secured by a portfolio of commercial property assets throughout Australia.

A$1.6 billion Lloyds Banking Group sale of Capital Finance and BOS International Australia

Minter Ellison and Allen & Overy acted as joint legal advisers to the Lloyds Banking Group on the sale of its Australian asset finance business, Capital Finance Australia Ltd (CFAL), and its corporate loan portfolio, BOS International Australia Ltd (BOSI) to Westpac Banking Corporation for approximately A$1.55 billion in total. The sale comprises a motor vehicle finance book of A$3.9 billion, equipment finance book of A$2.9 billion and a corporate loan portfolio of A$1.6 billion. As part of the above, we advised in relation to all matters arising from the sale of the seven Bella securitisation transactions. We also advised on the novation and valuation mechanisms in relation to a large number of derivatives exposures. It is very unusual in the Australian market for a bank to completely sell down its participation in its sponsored securitisation programme, and its full derivatives book. We also provided Australian competition law advice. The transaction was time critical and the merger parties worked extensively with the ACCC to address concerns raised in its initial market enquiries and obtained clearance for the transaction within 39 review days, without the ACCC releasing a Statement of Issues.

CSC Treasury Trust capital call facility

To provide funding to the CSC Treasury Trust for on-lending to the ARIA Property Fund and PSS/CSS A Property Trust.