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Sydney Airport has been advised on its pro rata accelerated renounceable entitlement offer (with retail rights trading) to raise approximately $2 billion.
Firm: King & Wood Mallesons (Sydney Airport).
Value: $2 billion.
Area: M&A.
Key players: The KWM team advising the lead manager on the transaction was led by partner David Friedlander, special counsel Amanda Isouard and solicitor Jaspreet Nagra.
Deal significance: Speaking about the transaction, Mr Friedlander said: “We were delighted to work with the lead manager on this important capital raising for Sydney Airport. This is our fifth COVID-19 equity raising for a major travel industry player, all of which have tapped the market for enough to see them through this difficult period for the industry.”
Ms Isouard added that “KWM has appreciated the opportunity to work with many of its clients on capital raisings during these extraordinary and challenging times”.
“KWM acted on a large number of capital raisings during the GFC and has drawn on that invaluable experience when working on capital raisings during the COVID-19 crisis,” she said.
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