Freehills advises UBS AG on Challenger raising

Deal Summary: Freehills is advising UBS

Lawyers Weekly • 10 August 2009 • Big Law

You’re out of free articles for this month

Username or Email

Password Forgot password?

Keep me signed in on this device.

First Name

Last Name

Mobile

Organisation Type

By becoming a member, I agree to receive information and promotional messages from Lawyers Weekly. I can opt out of these communications at any time. For more information, please visit our Privacy Statement.

Need help signing up? Visit the Help Centre.

Deal Summary:

VIEW ALL

Freehills is advising UBS AG, Australia Branch on their underwriting of Challenger Diversified Property Group's (Challenger) announced capital raising of approximately $130 million.

The raising will take place by an accelerated 'low doc' 4 for 7 non-renounceable entitlement offer to existing institutional and retail securityholders at $0.40 per stapled security.

Challenger Financial Services Group, Challenger's largest securityholder, has committed to take-up its full entitlement, and participate in sub-underwriting the offer.

Key players:

The Freehills team is partner Tony Sparks (pictured), senior associate Daniel Scotti and solicitors Carl Hornigold and Jeremy Chew.

Commentary:

Freehills partner Tony Sparks said, "The deal highlights yet another example of a significant shareholder supporting a capital raising."

We're evolving — and so should your insights. Heads up — Lawyers Weekly is going premium from 1 May for just $5 a month. Stay informed without missing a beat. More information coming soon.

You need to be a member to post comments. Become a member for free today!

Lawyers Weekly - legal news for Australian lawyers

SECTIONS

MORE

Freehills advises UBS AG on Challenger raising

OUR PLATFORMS AND BRANDS

EVENTS AND SUMMITS

PODCASTS

LEARNING AND EDUCATION

MOMENTUM MARKETS NETWORK

LINKS

STAY CONNECTED