Herbert Smith Freehills advised the syndicate of banks in relation to an unsecured A$1 billion syndicated facility agreement provided to Leighton Finance Limited. The syndicated facility was provided, in part, to refinance Leighton’s existing syndicated facility agreement entered into in 2008.
The mandated lead arrangers and bookrunners were Australia and New Zealand Banking Group Limited, Mizuho Corporate Bank, Ltd. and National Australia Bank Limited.
Financial close was achieved on 28 June 2013.
The Herbert Smith Freehills team was led by partner Melita Cottrell, who was supported by senior associate Liam Williams.
“Having acted for the syndicate on Leighton’s previous financing in 2008, and for other bilateral lenders to Leighton since then, we were pleased to be able to assist the syndicate achieve a successful financial close for Leighton’s new upsized syndicated facility under a relatively compressed timetable,” said Melita Cottrell.
Clayton Utz acted for Leighton as Australian counsel, with Mochtar Karuwin Komar acting as Leighton’s Indonesian counsel and Mayer Brown JSM acting as Leighton’s Hong Kong counsel.
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