King & Wood Mallesons has advised DBP Group on its A$155 million, seven-year bank debt facility, provided by a syndicate of Japanese banks.
The funds raised will be used to repay part of the DBP Group’s A$325 million of floating rate notes which will mature in April 2013.
The DBP group of entities purchased the Dampier to Bunbury Natural Gas Pipeline in October 2004. It is majority owned by DUET Group (80%), with Alcoa as a 20% minority owner.
The King & Wood Mallesons team was led by banking and finance partner Nicholas Creed, who was supported by senior associate Nicole Ho and solicitor Natalie Scoones.
Nicholas Creed said: “We are pleased to have again acted for the DBP Group in another successful refinancing, this time with a syndicate of mainly Japanese banks, allowing the group to diversify its funding base and showing the increased engagement of Japanese financial institutions in the Australian market.”
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