ALUMINA HAS finalised its convertible bond move after being advised by Allens Arthur Robinson (AAR)in an effort regarding four different jurisdictions including the US, Singapore, Australia and England.
AAR said the deal comes off a strong long-term relationship with Alumina, one built off the demerger of WMC Limited in 2002 on which the same team acted. For Alumina, the funds raised through the $367 million in principal amount of senior, unsecured, guaranteed convertible bonds due in 2013 will be used to replace their existing bank debt and fund current growth projects.
Internationally, Sullivan & Cromwell provided US legal counsel to Alumina, and Linklaters - Hong Kong provided English legal counsel to the lead manager and the trustee. The effort also crossed borders for AAR, with the firm co-ordinating their own teams based in three different offices: Melbourne, Sydney and Singapore.
Locally, the team includes partners Alex Ding and Greg Bosmans, as well as senior associates Jeremy Chase and Vida Wongseelashote..
The deal was just another in AAR’s recent string of work advising on large equity capital markets matters, including Wesfarmers’ $2.5 billion accelerated entitlement offer and Boart Longyear’s recent $2.7 billion IPO.