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Allens acts for syndicate banks in $510m loan
Allens Arthur Robinson has acted for the syndicate banks in a $510 million syndicated loan to Cheung Kong Infrastructure Finance (Australia) Pty Limited (CKI Australia).Mallesons advised CKI.…
Lawyers Weekly
Allens Arthur Robinson has acted for the syndicate banks in a $510 million syndicated loan to Cheung Kong Infrastructure Finance (Australia) Pty Limited (CKI Australia).
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Mallesons advised CKI.
The loan, which is guaranteed by its listed parent company, Cheung Kong Infrastructure Holdings
Limited (CKI), will go towards refinancing existing loans of CKI Australia.
CKI is the largest publicly listed infrastructure company in Hong Kong, with diversified investments in Energy Infrastructure, Transportation Infrastructure, Water Infrastructure and Infrastructure Related Business. It operates in Hong Kong, Mainland China, Australia, the United Kingdom, Canada, New Zealand and the Philippines.
Key Players:
Allens Hong Kong-based partner Matthew Barnard (pictured right), alongside Lawyer Justin Chin, advised the group of lenders, comprising Bank of China (Hong Kong), ANZ, Bank of China (Macau Branch) and Nanyang Commercial Bank.
Mallesons lead lawyers were Partner Dominic Bortoluzzi and Solicitor Rowan Mawa.
Commentary:
According to Matthew Barnard, "It was a pleasure to help the lenders on this transaction. Our experience with the lenders' and borrower's respective expectations meant we were able to respond quickly and execute the transaction successfully."
