Two top firms have helped a $1.2bn refinance succeed.
Herbert Smith Freehills (HSF) advised Whitehaven Coal Limited on the refinance of its senior bank facilities with a syndicate of Australian and international banks, which were advised by Gilbert + Tobin (G+T).
The deal provides Whitehaven, Australia’s largest independent coal miner, with more favourable terms.
“The oversubscription for Whitehaven debt by domestic and foreign financiers highlights the quality of Whitehaven’s coal assets and its performance in the international energy and resources market,” said partner Erin Wakelin, who led HSF’s team.
Wakelin was assisted by senior associate Emma Zarb.
G+T's team was led by partner John Schembri, who was assisted by lawyers Robert Trowbridge and Angus Ryan.
HSF has recently acted on a number of mining-industry deals. It recently advised on
this year’s largest mining deal. It advised BHP on the
$634m refinance of the Newcastle Coal Infrastructure Group’s coal export terminal in New South Wales, Orion Resource on the financing of the Woodlawn project, and the financiers of
Dacian Gold’s Mt Morgans project.
Related stories:
These are the firms involved in this year’s largest mining deal
Trio of top firms acts on US$634m refinancing
.jpg)
