Alex Regan, Caroline Rowe, Sophia Davies of global firm’s finance practice give advice
DLA Piper has confirmed that it advised Macquarie Technology Group Limited on all aspects of its $450m secured debt refinancing with a group of domestic and international lending institutions.
The global law firm shared in its news release that it assisted the Sydney-based company with the preparation and negotiation of the syndicated facility agreement and security documents, among other aspects of the transaction.
Alex Regan, finance partner, led the DLA Piper deal team. Support came from Caroline Rowe, finance special counsel, and Sophia Davies, finance solicitor.
“Our team were proud to work with Macquarie Technology Group and its financial adviser, RBC Capital Markets, on another milestone financing transaction in the data centre sector in Australia,” Regan said in the firm’s news release.
Macquarie Technology Group is a data centre, cloud, cyber security, and telecommunications company for mid-sized to large business and government customers, according to the company’s LinkedIn page.
The new debt facility seeks to support and to fund the continued expansion of the company’s data centre business, including the construction of its IC3 Super West Phase 1 data centre, DLA Piper’s news release explained.
The firm shared that it also advised Macquarie Technology Group on its $174m land acquisition of Macquarie Park Data Centre last July.
More on deal team
“This transaction builds on DLA Piper's established know-how in advising investors, developers and lenders on innovative transactions in the rapidly growing digital infrastructure sector in Australia,” Regan said in the firm’s news release.
Based in DLA Piper’s Sydney office, Regan has experience in finance relating to the infrastructure, energy transition, and natural resources sectors. He has worked on complex transactions and initiatives, including Australia’s first green hydrogen project.
Regan worked in the offices of global firms in London, New York, Singapore, and Hong Kong before moving to Sydney in 2008, according to his profile on DLA Piper’s website.
On the other hand, Rowe is an experienced banking and finance lawyer working from the firm’s Melbourne office. Rowe has advised clients on project finance, acquisition finance, cross-border leveraged finance, secured and unsecured corporate finance, trade commodity finance, derivative transactions, and green, black, and bundled energy offtake agreements.
Rowe previously practised in law offices located in London, Paris, and Amsterdam then moved to Melbourne to work for another international law firm, as per Rowe’s profile on DLA Piper’s website.
