Deals 28 May 2004
Freehills recently closed a $150 million syndicated secured loan facility for Zinifex. The company is a zinc and lead miner and smelter created out of assets from the de-listed Pasminco Group.
Freehills recently closed a $150 million syndicated secured loan facility for Zinifex. The company is a zinc and lead miner and smelter created out of assets from the de-listed Pasminco Group. Zinifex was the subject of a recent, successful IPO and required a secured loan facility for working capital purposes after the IPO. The transaction used the existing security structure previously established when Pasminco operated under a deed of company arrangement. The Freehills team was led by partner Dan Brealey and included solicitors Natalie Schulze and Edmond Liew.
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Simmons & Simmons recently advised UBS AG as global co-ordinator, bookrunner, sponsor and lead manager on the global offering of shares in China Resources Peoples Telephone Company Limited (Peoples) on the Stock Exchange of Hong Kong. Peoples is one of Hong Kong’s primary providers of mobile voice and data communications services. The global offering of approximately 268 million shares on 1 April raised a total of approximately HK$1.22 billion ($229.5 million).