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Clayton Utz and Gilbert + Tobin have advised on a $800m resources refinance
Clayton Utz advises on $800m resources refinance
Firms: Clayton Utz (Iluka Resources), Gilbert + Tobin (banks)
Deal: Replacement of Iluka’s existing syndicated term loan facility of $445 million
Area: Banking
Value: $800 million
Key players: Clayton Utz banking partner Rohan Mishra (pictured) led the team with support from senior associate Kate Casellas
Deal significance: The facility was refinanced through the entry into of a series of five-year bilateral revolving credit facilities with a number of domestic and foreign institutions, totalling $800 million.
Iluka is involved in the exploration, project development, operation and marketing of mineral sands products. It is a major producer of zircon globally and the largest producer of the high-grade titanium dioxide products of rutile and synthetic rutile. Its main assets and operations are located in Australia, with a mining and processing operation in Virginia, USA.
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