You have 0 free articles left this month.
Big Law

Reliance Rail secures 21-year green sustainability-linked loan

Global law firm King & Wood Mallesons has advised Reliance Rail in refinancing its existing bank debt facilities on its “landmark” green sustainability-linked loan.

March 11, 2022 • By Jerome Doraisamy
Share this article on:
Facebook X LinkedIn
Reliance Rail
expand image

Firm: King & Wood Mallesons (Reliance Rail)

This content is available exclusively to Lawyers Weekly premium members.
Deal: Reliance Rail, a public-private partnership (PPP) with the NSW government “established to design, manufacture and maintain the largest single procurement of passenger trains in Australian history”, according to KWM, has secured a 21-year green sustainability-linked loan (GSLL).

 
 

Area: Banking and finance

Value: $1.8 billion

Key players: The KWM team was led by partner Andrew Maynes and special counsel Brendan Smith, with support from senior associate Adam Drawbridge and solicitor Jade Chow.

Deal significance: The $1.8 billion loan, KWM said, is of the first of its kind in the Asia-Pacific market and is certified as a “green loan” by the Climate Bonds Initiative under its Low Carbon Transport Criteria.

Speaking about the deal, Mr Maynes said that “it was fantastic to have been able to assist Reliance Rail with this market-leading 21-year green and sustainability linked loan, that not only has positive ESG outcomes, but has also eliminated refinancing risk for the project”.

Discover logo VIEW ALL

Want to see more stories from trusted news sources?
Make Lawyers Weekly a preferred news source on Google.
Click here to add Lawyers Weekly as a preferred news source.

Jerome Doraisamy

Jerome Doraisamy

Author

Jerome Doraisamy is the managing editor of professional services (including Lawyers Weekly, HR Leader, Accountants Daily, and Accounting Times). He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

Know More
Tags