find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
$8.5bn financing for vehicle business acquisition

$8.5bn financing for vehicle business acquisition

Stewart Robertson, Minter Ellison

A firm has advised a syndicate of off-shore lenders on their provision of banking facilities to a US corporation for its acquisition of GE Capital’s vehicle fleet management businesses.

Firms: Minter Ellison (off-shore lending syndicate led by Bank of Montreal)

Deal: $8.5 billion banking facilities provided by syndicate of off-shore lenders to Element Financial Corporation for its acquisitions of GE Capital Corporation vehicle fleets.

Value: $8.5 billion

Area: Finance

Key players: The Minter Ellison team was led by partner Stewart Robertson (pictured), supported by senior associate Alison Morris. Partner David Pratley and senior associate Nima Sedaghat assisted with the tax aspects of the transaction.

Deal significance: Element Financial Corporation acquired GE Capital Corporation’s vehicle fleet management businesses in the US, Mexico, Australia and New Zealand.

A syndicate of off-shore lenders, led by the Bank of Montreal provided banking facilities of $8.5 billion to Element Financial Corporation.

Minter Ellison acted as Australian counsel, Minter Ellison Rudd Watts acted as New Zealand counsel and Dentons acted as Canadian counsel to the lending syndicate.

Minter Ellison partner Stewart Robertson said: “This financing was a significant multi-billion dollar, high-profile, cross-border transaction.”

He continued: “It required us to provide detailed advice in respect of Australasian law nuances to off-shore lenders not familiar with some of the local legal issues involved, particularly as the facilities were structured as borrowing base facilities requiring access to the target assets."

Like this story? Subscribe to our free newsletter and receive Lawyers Weekly every day straight to your inbox.



Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

$8.5bn financing for vehicle business acquisition
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Oct 20 2017
Podcast: One of law’s most infamous alumni – in conversation with Julian Morrow
In this episode of The Lawyers Weekly Show, Melissa Coade is joined by The Chaser’s Julian Morrow....
Oct 20 2017
High Court overturns ‘excessive’ anti-protest legislation
Bob Brown’s recent victory in the High Court over the Tasmanian government was a win for fundament...
Oct 20 2017
Changes to Australian citizenship laws blocked
Attempts to beef up the requirements to obtain Australian citizenship were thwarted this week, after...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...