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Freehills acts on raising
Freehills has acted for Brambles Limited in its fully underwritten entitlement offer
Digital
Firms: Freehills (joint lead managers, bookrunners and underwriters)
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Deal: Freehills represented UBS AG, Australia Branch, and Merrill Lynch International (Australia) Limited who acted as joint lead managers for Brambles Limited on its fully underwritten pro rata accelerated renounceable entitlement offer, with retail rights trading, which was announced on 4 June
Area: Capital markets
Value: $448 million
Key players: The Freehills team was led by partner Philippa Stone and special counsel Rob Finlay, who were assisted by Lucy Hall and Zain Kazi
Deal significance: Stone said equity capital markets have been difficult in recent times, but this offer shows that raisings can still be successfully undertaken by strong issuers.
