Overview
Freehills is a leading adviser in debt capital markets transactions. We are experienced in acting for issuers, arrangers, underwriters, dealers, rating agencies, trustees, swap providers and credit wrappers for both local and offshore issues.
We have advised on numerous and leading-edge capital raisings and product developments in domestic and international markets including:
- pure debt securities, such as medium-term notes, commercial paper and dematerialised securities, Kangaroo bonds, CPI indexed debt securities and mezzanine notes
- credit wrapped securities
- convertible debt securities
- retail debentures and perpetual (income) securities
- US private placements and Rule 144A issues
- Eurobond issues.
We also have extensive experience with various other financial instruments where we have acted on a broad range of domestic and international structures. This experience includes a number of unique bond and private placement transactions, wrapped debt issues, unwrapped debt issues and hybrid securities.
Experience
Recent transactions on which we have advised include:
- Orange Hospital PPP - Acted for Babcock & Brown on the $191.8 million bond financing for the Orange Hospital PPP.
- Royal Children’s Hospital PPP - Acted for Goldman Sachs JBWere and Financial Guaranty Insurance Company on the bond financing for the Royal Children’s Hospital PPP which consisted of multiple bond issues, including wrapped and unwrapped senior bonds, subordinated bonds and hybrid securities.
- Brisbane Airport MTN - Acted for Financial Security Assurance on the $300 million note issue by Brisbane Airport Corporation Limited under a Medium Term Note program implemented in order to fund infrastructure development at Brisbane Airport.
- Cross City Tunnel - Acted for consortium and issuer ABN AMRO on the $750 million Cross City Tunnel purchase.
- Wellington International Airport - Acted for Financial Security Assurance on the NZ$150 million bond issue by Wellington International Airport Limited.
- Westfield - Acted on the Australian aspects of Westfield’s US$10 billion Euro Medium Term Note program.
- Santos - Acted for Santos on their US private placements, including their most recent US$500 million US private placement.
- Transurban - Acted for Transurban on its $1.8 billion credit wrapped and non-credit wrapped debt issuance program.
- Worley Parsons - Acted for Worsley Parsons on its US$350 million and US$144.5 million US private placements.
Working with you
Freehills has an experienced team of debt capital markets lawyers who keep up-to-date with the latest developments in capital markets, both in Australia and internationally. With our accumulated experience and knowledge, we can help you realise your commercial objectives.
