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Queensland power station undergoes refinancing

Global law firm White & Case has advised a syndicate of 13 international financiers on the refinancing of a 850 megawatt power station in Queensland.

July 06, 2018 • By Emma Musgrave
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Firm: White & Case (international financiers)

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Deal: 13 international financiers have been advised on the refinancing of the Millmerran Power Station, owned by InterGen and China Huenang Group.

 
 

Value: Undisclosed

Area: Finance

Key players: The White & Case team in Australia which advised on the transaction was led by partner Brendan Quinn with support from associate Alexis Fong. A separate White & Case team in Australia consisting of partner Cameron Watson, with support from associate Alicia Jennison, advised the exiting financiers.

According to a statement from White & Case, the borrower's financial adviser was Macquarie Capital Advisers and its legal counsel was King & Wood Mallesons.

Deal significance: The 850MW Millmerran Power Station is based in Queensland.

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"The successful re-financing of Millmerran Power Station follows the successful financing of Callide C Power Station refinancing,” said White & Case partner Brendan Quinn, head of project finance Asia-Pacific.

“The financing of both these assets — together with the recent financing of Alinta’s acquisition of Loy Yang B Power Station on which White & Case acted for the financiers — demonstrates that there remains good liquidity in the bank debt market for the right thermal power assets in Australia.”

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Emma Musgrave

Emma Musgrave

Author

Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.

Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences. 

Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.

She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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