find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
Innovation guides Origin offer

Innovation guides Origin offer

Clayton Utz has announced it is the legal adviser to Origin Energy (Origin) in its $2.3 billion pro rata renounceable entitlement offer announced this week.Clayton Utz's national head of equity…

Clayton Utz has announced it is the legal adviser to Origin Energy (Origin) in its $2.3 billion pro rata renounceable entitlement offer announced this week.

Clayton Utz's national head of equity capital markets, Stuart Byrne, led the team advising Origin on the transaction, with support from senior associate Richard Knott.

The transaction follows Clayton Utz's role as advisers to Origin on its successful $3.25 billion acquisition of the NSW energy retail assets of Country Energy and Integral Energy, as well as the GenTrader rights in respect of the Eraring power station, which completed on 1 March.

Clayton Utz partners Graham Taylor, Graeme Dennis and Emma Covacevich led that transaction, while Baker & McKenzie acted for the NSW Government.

Origin's entitlement offer is being conducted using a new equity raising structure, a Pro Rata Accelerated

Institutional, Tradeable Retail Entitlement Offer (PAITREO) developed by Merrill Lynch in consultation with Origin.

Clayton Utz advised Origin throughout the deal process, working closely with Origin's management team and joint lead managers, Macquarie, Merrill Lynch and JP Morgan, who were advised by Mallesons Stephen Jaques. Partners David Friedlander and Shannon Finch led the team that also included Catherine Sands, Amanda Isouard and Victoria Ngomba.

Clayton Utz lead partner Stuart Byrne said the willingness in recent years of the ASX and ASIC to be open to new deal structures in the equity capital markets space has been a plus for our market.

"We were, in particular, impressed at the positive approach to developments like this taken by the ASX and ASIC, which helps to ensure that Australia continues to be viewed as an attractive place to raise capital," he said.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Innovation guides Origin offer
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Lawyers slam rushed consultation for SA repeat offenders bill
The Law Society of South Australia has expressed concern for a proposal to roll out new laws amendin...
The pursuit of happiness in the law
A panel of legal experts have explored how to define success in the legal profession, and how lawyer...
Queensland University of Technology, ruby milestone
Queensland law school reaches ruby milestone
Celebrating 40 years since establishing a law course in 1977, the Queensland University of Technolog...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...