Clayton Utz has advised Origin Energy Limited on its $500 million offer of hybrid notes to be listed on the ASX.
The offer was announced to the market on Tuesday (15 November) and Mallesons acted as structuring counsel and advisor to sole arranger (UBS) and joint lead managers (UBS, NAB, ANZ, CBA, Macquarie).
The Mallesons team was led by partners Ian Paterson and Shannon Finch, with support from solicitors Kartik Subraimaniam, Piny Ly and Jess Hudson.
Partner Stuart Byrne led the Clutz team, along with partners Graeme Gurney and Louise McCoach, together with senior associates Patricia Paton, Richard Knott, Stratos Karousos and Alex Chernishev.
Origin's $500 million offer is one of several raisings announced to the market this week on which Clutz has advised. They include Pharmaxis' $80 million pro rata accelerated non-renounceable entitlement offer and Silver Lake Resources' $70 million institutional share placement, both which were announced to the market yesterday (16 November).
Byrne said the recent offers demonstrate the depth and flexibility in Australian capital markets and continued interest from foreign investors, particularly in the US, in targeted sectors such as resources.