Deal: Ashurst has advised a banking syndicate on the $930 million refinancing of the Royal North Shore Hospital PPP Project, whose investor is AMP Capital Community Infrastructure Fund.

Value: $930 million.

Area: Financing.

Key players: The team was led by partner Chris Redden with support from counsel Doug Fund and associates Mitchell Bazzana and Jerome Kadamongariga.

Deal significance: The syndicate includes MUFG Bank Ltd, Natixis, Sumitomo Mitsui Trust Bank, the Westpac Banking Corporation, ANZ Banking Group and Norinchukin Australia Pty Ltd.

This is the first refinancing for the project since AMP Capital Community Infrastructure Fund acquired the project from Royal Bank of Scotland in 2015.

Mr Redden commented: “We are delighted to have advised the banking syndicate on this significant transaction, which builds on our strong relationship with AMP Capital following the recent financing of the SA Schools and Victorian Schools PPP Projects, which we closed earlier this year.”

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