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Global firms fire up gas resources refinancing
King & Wood Mallesons and Allens have advised on the refinancing of a major energy infrastructure project in Western Australia.
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Firms: King & Wood Mallesons (Dampier to Bunbury Natural Gas Pipeline); Allens Linklaters (The Bank of Tokyo-Mitsubishi UFJ, Ltd)
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Deal: Dampier to Bunbury Natural Gas Pipeline’s (DBP) bank debt refinancing provided by The Bank of Tokyo-Mitsubishi UFJ, Ltd, a long term banker to the company.
Value: $245 million
Area: Banking & finance
Key players: The King & Wood Mallesons team was led by banking and finance partner Nicholas Creed (pictured), who was supported by solicitor Kirsten Young.
Deal significance: The funds raised will be applied to repay part of DBP’s $565 million of medium term notes when they mature in September 2015.
Mr Creed said: “This transaction marks the contract close of a seven-year bank debt facility.”
KWM has acted for DBP on all its major financings since 2004.
