International contractor upsizes $2.6bn

By Emma Ryan|10 October 2017

DibbsBarker has advised one of the world’s leading international contractors on the upsizing of its core working capital cash facility.

Firm: DibbsBarker (CIMIC Group Limited)

Deal: CIMIC Group has been advised in the upsizing of a syndicated cash facility.

Value: $2.6 billion

Advertisement
Advertisement

Area: Banking and finance

Key players: The legal team advising CIMIC Group was led by DibbsBarker banking and finance partner Brad Allen, with assistance from senior associate Joshua Khoo.

Deal significance: CIMIC Group is described as one of the world’s leading international contractors and the world’s largest contract miner. It operates in more than 20 countries throughout Asia-Pacific, the Middle East, North and South America and sub-Saharan Africa.

This deal saw DibbsBarker advise CIMIC Group in upsizing its core working capital cash facility. The refinance was heavily over-subscribed with a strong response from lenders in Australia and Asia, according to a statement.

“This transaction is all about flexibility and liquidity – it reinforces the notion that providing debt to quality Australian borrowers continues to be an attractive choice for offshore financial institutions,” said DibbsBarker’s lead partner Brad Allen.

SPONSORED CONTENT

“We very much enjoyed working with all parties involved to bring the deal to a close".

 

International contractor upsizes $2.6bn
Intro image
lawyersweekly logo
Big Law

latest

Media, journalists face trial over exposing George Pell trial

Risk of privacy class actions heightened in wake of COVID-19

Legal employers should review arrangements with casual workers

Law professor appointment to Balnaves chair in Constitutional Law

FROM THE WEB
Recommended by Spike Native Network