G+T advises on $1.04bn refinancing of Ixom's corporate debt facilities

Gilbert + Tobin (G+T) has advised on the $1.04bn refinancing of Ixom’s corporate debt facilities – a deal the firm claimed is one of the year’s biggest debt financings.

The firm guided the mandated lead arrangers, underwriters and bookrunners Commonwealth Bank of Australia, Oversea-Chinese Banking Corporation and United Overseas Bank Limited and other lenders. The mandated lead arrangers, underwriters and bookrunners syndicated the deal successfully.

G+T said that the refinancing extends the tenor of Ixom’s current corporate debt facilities and increases the company’s flexibility in terms of executing its business plan. The firm’s team provided advice on every aspect of the transaction, including the structuring, documentation, execution, and syndication of the facilities.

“The successful underwriting and syndication of such a large quantum transaction is both an endorsement of Ixom’s management and business plan and a positive sign for activity in the Australian debt market in the second half of 2023 after a quieter start to the year,” said G+T banking partner Stuart Cormack, who led the firm’s team on the deal.

Lawyers Brent Thompson and Anany Verma supported Cormack.