SME Law

Emerald Grain secures borrowing base facility agreement with 2 big banks

Emerald Grain has secured a $180 million borrowing base facility agreement with two major banks amid a leadership changeover.

December 10, 2020 • By Naomi Neilson

Emerald Grain secures borrowing base facility agreement

Firm: KCL Law (Emerald Grain)

This content is available exclusively to Lawyers Weekly premium members.

INDIVIDUAL

Yearly

$ 49.00

per year

SUBSCRIBE NOW

INDIVIDUAL

Monthly

$ 5.00

per month

SUBSCRIBE NOW

Learn more about Premium Benefits and other offers

Username or Email

Password Forgot password?

Keep me signed in on this device.

Deal: KCL Law’s banking and finance team has advised Emerald Grain and new shareholding consortium led by Roc Partners on the former’s entry into a $180 million borrowing base facility agreement with Commonwealth Bank of Australia (CBA) and Westpac Banking Corporation.

Value: $180 million.

Area: Banking and finance.

Key players: The transaction was led by special counsel Trent Chugg with assistance from lawyers Sophie Boyd and Chantelle Alberico.

VIEW ALL

Deal significance: The transaction involved a number of complexities and coincided with a change of ownership for the Emerald Grain group, with shareholding consortium led by Roc Partners acquiring control.

Mr Chugg commented: “We were delighted to advise Emerald Grain and Roc Partners in connection with such an important transaction for the group and we look forward to seeing the group’s continued success under the new ownership structure.”

Kain Lawyers advised Roc Partners in connection with the share sale transaction and lenders were advised by Ashurst.