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Viva Energy advised on multimillion-dollar refinancing

Gilbert + Tobin has advised Viva Energy Group Limited and its subsidiaries as part of its latest refinancing worth US$700 million.

April 26, 2021 • By Emma Musgrave
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Viva Energy advised on multimillion-dollar refinancing
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Firm: Gilbert + Tobin (Viva Energy).

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Deal: Viva Energy has completed a refinance of its corporate debt facilities.

 
 

Value: US$700 million.

Area: Banking and finance.

Key players: The Gilbert + Tobin team was led by banking and infrastructure partner Spiro Papadolias, with assistance from lawyers Corrie Eames and Lee Lancaster.

Deal significance: Viva Energy is described as a leading energy company that holds over 120 years of operation in the Australian market.

“Viva Energy is the exclusive supplier of Shell fuels and lubricants in Australia and supplied approximately one quarter of Australia’s liquid fuel requirements in 2020,” a statement from Gilbert + Tobin said.

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“The refinancing of Viva Energy’s syndicated revolving credit facility will provide the foundation for the business’ operational goals and future growth plans.”

Commenting further, lead partner Mr Papadolias said: “We are pleased to have advised our longstanding client Viva Energy on this refinancing, which will help the business secure its strategic objectives going forward”.

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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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