Freehills is advising UBS AG, Australia Branch on their underwriting of Challenger Diversified Property Group's (Challenger) announced capital raising of approximately $130 million.
The raising will take place by an accelerated 'low doc' 4 for 7 non-renounceable entitlement offer to existing institutional and retail securityholders at $0.40 per stapled security.
Challenger Financial Services Group, Challenger's largest securityholder, has committed to take-up its full entitlement, and participate in sub-underwriting the offer.
The Freehills team is partner Tony Sparks (pictured), senior associate Daniel Scotti and solicitors Carl Hornigold and Jeremy Chew.
Freehills partner Tony Sparks said, "The deal highlights yet another example of a significant shareholder supporting a capital raising."
Like this story? Read more: