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Transurban Queensland raises $500m in debt via bank facility
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Transurban Queensland raises $500m in debt via bank facility

Claire Rogers

KWM assists Transurban Queensland in $500 million of debt through a bank facility for future capital expenditure.

Firm: King & Wood Mallesons (Transurban Queensland)

Deal: King & Wood Mallesons (KWM) acted for Transurban Queensland (TQ) to raise $500 million of debt via a new syndicated bank facility which will be used to fund future capital expenditure requirements.

Value: $500 million

Area: Banking

Key players: The KWM team acting on the deal was led by partner Claire Rogers with support from senior associate Amy Maguire and solicitor Shareen Dhillon.

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Deal significance: The new facility refinances existing bank debt which has been due to mature in December 2019, providing TQ with an additional three-year tenor.

Commenting on the raising, Ms Rogers said: “We are pleased to have continued our long-standing relationship with Transurban Queensland to facilitate this financing which will allow them to invest in strategic growth over the next few years.”

KWM advised on the acquisition of TQ by the Transurban-led consortium in 2014 and has since advised TQ on its key financing transactions involving the acquisition of the Airport Link, the Logan Enhancement Project and multiple note issuances.

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