Ingenia Communities secures $75m debt facility
Global law firm Dentons has advised the ASX-listed company on securing a seven-year debt facility, worth $75 million.
Firm: Dentons (Ingenia Communities)
Deal: Ingenia Communites is set to secure the debt facility from the Clean Energy Finance Corporation.
Value: $75 million.
Key players: The legal team advising Ingenia Communities was led by Dentons special counsel David Morgan, who is based in Sydney, NSW.
Deal significance: Ingenia Communities is described as a leading Australian property group that owns, operates and develops a growing portfolio of lifestyle and holiday communities across key urban and coastal markets.
The securing of the debt facility aims to help Ingenia Communities fund its energy and carbon reduction programme as it targets a 30 per cent reduction in carbon emissions over the next five years and a carbon-neutral operation by 2035.
“It’s always rewarding helping a client achieve its objectives, especially one where there is a long relationship and understanding of the business,” said Mr Morgan, who led the transaction.
“I value this opportunity to assist Ingenia meet some green initiatives.”