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Global firms fire up gas resources refinancing

Global firms fire up gas resources refinancing

Nicholas Creed

King & Wood Mallesons and Allens have advised on the refinancing of a major energy infrastructure project in Western Australia.

Firms: King & Wood Mallesons (Dampier to Bunbury Natural Gas Pipeline); Allens Linklaters (The Bank of Tokyo-Mitsubishi UFJ, Ltd)

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.

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