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Study Loans advised on debt facility worth $50m

National law firm Gadens has advised Study Loans on its new debt facility and capital raise.

user iconEmma Musgrave 20 July 2021 SME Law
Study Loans
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Firm: Gadens (Study Loans).

Deal: Gadens has advised Study Loans in respect of its $50 million debt facility with Alceon and $6 million equity raise.

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Value: $56 million total.

Area: Banking and finance, corporate.

Key players: The legal team advising Study Loans was led by Gadens partner Elliot Raleigh, who led the team on the debt financing aspects of the transaction, with support from lawyer Clive Robért.

Gadens partner Jol Rogers led on the equity raise with support from special counsel Melissa Phillips and senior associate Steve Wambeek.

Deal significance: Study Loans, which is backed by the Simonds Family Office, provides unique, tailored funding solutions to education providers, enabling them to grow enrolments and address challenges in the sector, according to a statement from Gadens, which noted the loan facility “will allow Study Loans to support more education providers and their students and continue to grow their portfolio”.

Commenting further, partner Mr Raleigh said: “We are pleased to have advised Study Loans on the debt facility and capital raise. This provides an excellent opportunity for Study Loans to continue to grow and to support education providers and their students on their path to further education.”

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