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$300m syndicated banking facility established

$300m syndicated banking facility established

Karla Fraser Allens

Multiple firms have advised on the establishment of a syndicated banking facility to assist Silver Chef Limited’s growth in overseas markets.

Firms: Allens (ANZ Banking Group Limited, Bank of Queensland Limited, Commonwealth Bank of Australia, HSBC Bank Australia Limited and Westpac Banking Corporation)

Ashurst Australia (Borrower's Australian Counsel)

Anderson Lloyd (Syndicate's New Zealand Counsel)

Chapman Tripp (Borrower's New Zealand Counsel)

Dentons (Syndicate's Canadian Counsel)

Strikeman Elliott (Borrower's Canadian Counsel)

Deal: Establishment of syndicated banking facility for business equipment financier Silver Chef Limited.

Value: $300 million

Area: Banking and Finance

Key Players: The Allens team was led by partner Karla Fraser, who was joined by senior associate Jacinta Dyer.

Deal Significance: Allens advised a syndicate of banks, namely ANZ, Bank of Queensland, CBA, HSBC and Westpac, on the provision of a $300 million banking facility to business equipment financier Silver Chef Limited.

Silver Chef Limited is an Australian company that provides hospitality equipment funding and has plans to expand overseas.

The multi-currency facility will allow Silver Chef to borrow in New Zealand, Canadian and Australian dollars.

Allens’ leading partner Karla Fraser said: “We were very pleased to be able to assist our banking clients on this strategic cross-border financing for Silver Chef.”

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