Deal: Allen & Overy has advised Ventia Services Group Limited on its successful financing in connection with the company’s IPO and listing on the ASX and NZX.

Value: The new $750 million syndicated term loan facility refinances its secured TLB debt while working capital capacity, provided by way of a new $400 million syndicated revolving cash facility.

Area: Finance; IPO.

Key players: The team was led by senior associate William Kim with support from senior associate Emma Avery, lawyers William Khun and Riley Phillips-Harris, graduate-at-law Jodie Llewellyn and Peerpoint consultant Jason Huinink.

The heading workstream was led by senior associate Jamie Taylor, and the tax workstream was led by partner Ka Sen Wong, supported by senior associate Alice Morstyn.

Deal significance: Ventia is a leading essential infrastructure services provider across four sectors: defence and social infrastructure, infrastructure services, telecommunications, and transport.

Commenting on the deal, Mr Kim commented: “Ventia’s refinancing and de-levering following its IPO reflects its maturity as a business and has enabled it to move towards favourable terms befitting its public investment grade status.

VIEW ALL

“The transaction demonstrates that favourable refinancing terms are available in the current market for high-calibre companies with strong growth potential like Ventia.”