Freehills has advised Paladin Energy in relation its recent US$274 million 6 per cent, convertible bond offer.
The convertible bonds were purchased mainly by investors in Australia and Canada, where the company is dual listed.
Paladin, an Australian uranium production company with projects in Australia and two operating mines in Africa, said the deal strengthens its balance sheet.
The funds raised from the offer will be used both to fund a concurrent tender offer to acquire up to US$200 million of Paladin’s existing US$325 million 5 per cent convertible bonds due 2013, on which Freehills is also acting.
Philippa Stone and Patrick Lowden lead the Freehills team, and assisted by senior associate Laura Cameron and solicitor Lucy Hall.
Barclays Bank PLC, Royal Bank of Canada and UBS AG, Australia Branch acted as joint lead managers and joint bookrunners for the offer. Barclays also acted as the Sole Global Co-ordinator.