King & Wood Mallesons’ Project Finance team has advised a group of nine banks from Australia, China and South Africa on the A$367.5m refinancing of the Millmerran Power Station in Queensland, which reached financial close on 15 June 2012.
The team was led by partner Peter Doyle, with Senior Associates Brendan Smith and Lisa Wong and Solicitor, Tim Stanton.
“We are very pleased to have advised the lenders on the successful completion of this transaction. Together with our roles advising the sponsors on the successful refinancing of the Loy Yang B and Hazelwood power stations, King & Wood Mallesons has confirmed its leading position in the Project Finance legal market and power sector”, said Peter Doyle.
The refinancing for the Millmeran Power Station was one of three complex transactions in the power sector which King & Wood Mallesons has advised on to successfully reach financial close in June 2012. The firm also acted for International Power, GDF Suez and Misui (project sponsors) on the $1.06 billion Loy Yang B refinancing and for International Power (project sponsor) on the A$652.3m refinancing of the Hazelwood Power Station which closed on 29 June 2012.
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