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Sydney airport lands billion-dollar refinancing
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Sydney airport lands billion-dollar refinancing

Yuen-Yee Cho

Sydney Airport has been advised on a significant bank debt refinancing.

Firm: King & Wood Mallesons (Sydney Airport)

Deal: Sydney Airport has refinanced its bank debt.

Value: $1.4 billion

Area: Banking and finance

Key players: The King & Wood Mallesons team was led by partner Yuen-Yee Cho (pictured), with assistance from senior associate Will Stawell, solicitor Zoe Anderson and graduate Jonathan Mo.

Deal significance: Sydney Airport has completed a major refinancing of its bank debt. A statement from King & Wood Mallesons called it one of the largest syndicated club financings closed so far this year.

The new debt facilities comprise secured syndicated bank debt facilities ranging from a three- to five-year maturity.

KWM said the deal will enable Sydney Airport to achieve more competitively priced debt, spread and lengthen its debt maturity profile and maintain its strong liquidity position.

The firm said the deal showed that Sydney Airport has strong support from domestic and international banks.

Earlier this year, KWM announced that it was advising the Sunshine Coast Regional Council on the development and expansion of the local airport.

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