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
Pacific Hydro secures funding

Pacific Hydro secures funding


An international banking syndicate has provided funding for a Melbourne renewable energy company.

Firms: Allens (China Construction Bank Corporation); King & Wood Mallesons (Borrower and Sponsors' Australian, People's Republic of China and Hong Kong Counsel); Herbert Smith Freehills (IFM Investors); Zhong Lun Law Firm (People's Republic of China and Hong Kong counsel to the finance parties)

Deal: China Construction Bank, Sydney Branch, was the arranger and agent for two syndicates of international banks to fund the acquisition of Pacific Hydro.

Value: Approximately A$1 million and US$950 million facilities were provided by a three-bank syndicate and US$750 million facility by a five-bank syndicate.

Area: Banking and finance

Key players: The Allens team comprised Renee Boundy (pictured), lead partner; Nick Adkins, partner; Scott McCoy, managing associate; Thomas McAuliffe, managing associate; Yu Zhang, senior associate; and Steven Faulkner, associate.

The HSF team was led by partners David Ryan, Gerard Pike and Juan-Jose Zentner, who were supported by senior associates Nikki Carroll and Miles Wadley, solicitors Bailee Walker and Matt Sercombe and graduates Barnaby Matthews and Samantha Sutton.

Deal significance: Pacific Hydro is a Melbourne-based renewable energy company, which was acquired by IFM in 2005. It owns 900 megawatts of generation capacity across 19 hydropower dams and wind farms in Australia, Chile and Brazil, as well as a significant pipeline of wind and hydro development projects in Australia, Chile and Brazil.

Lead partner Ms Boundy said the financings were “strategically important to enable the buyer to fund renewable and clean energy projects across the region and in South America”.

The financing was led by China Construction Bank, Sydney branch, and involved a number of other leading global banks.

“China Construction Bank's role in this deal, and other recent transactions like its acquisition of the RBS Australian commercial loan portfolio last year, reflect the bank's commitment to growing its Australian business and supporting domestic and Chinese investment in Australia,” Ms Boundy said.

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

Pacific Hydro secures funding
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 & ...