Gilbert + Tobin and Freehills have advised on the $530 million refinancing of debt facilities to acquire the Cairns and Mackay airports in Queensland.
G+T advised a syndicate of five banks on the refinanced facilities, which will also be used to fund the ongoing capital expenditure and working capital requirements of the group, and Freehills acted for the borrower; North Queensland Airports.
The debt facilities were originally used by Hastings Funds Management and other investors.
G+T banking and finance partner John Schembri - who also acted for the bank syndicate in the original acquisition financing in January 2009 - led the team, assisted by lawyer Gail Christopher.
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