Freehills has advised Fairfax Media Limited on its $292 million syndicated financing facility with a conglomerate of banks arranged by Commonwealth Bank of Australia.
The Freehills team was led by partners Rommel Harding-Farrenberg and Kate Cahill, with senior associate Amelia Fleming. They worked alongside Dale Bridle, group treasurer of Fairfax.
The facility is an unsecured, forward-start facility which, in effect, extended an existing facility for a term of almost four years.
The transaction forms an important part of Fairfax Media's management of its debt profile.
The lenders are Commonwealth Bank of Australia, Australia and New Zealand Banking Group Limited, Westpac Banking Corporation, National Australia Bank Limited and The Royal Bank of Scotland plc, Australia Branch.